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mmainprize

join:2001-12-06
Houghton Lake, MI
reply to Dustyn

Re: Ransomware a growing menace, says Symantec

How do they get the money and why can't the money trail be tracked to the crooks.
I mean when you have hundreds of people sending hundreds of dollars to some account there must be a trail when the crook coming in to cash out.


Blackbird
Built for Speed
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join:2005-01-14
Fort Wayne, IN
kudos:3
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said by mmainprize:

How do they get the money and why can't the money trail be tracked to the crooks. ...

Electronic money sent to an overseas endpoint to a faked recipient or temporary account. Wire somebody a payment to Western Union or use countless other mediums of payment. The recipient identifies himself using fake ID (if any) or in the case of an account, taps out the pre-existing account (set up with false ID, if any) and simply evaporates into the countryside... or down the Intertubes. In many parts of the world, there's no way to trace who received what or where they went after such transactions.
--
“The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.” A. de Tocqueville