![]() ![]() However, cybercrime is continually evolving. While most of the world’s population spent an increased amount of time on the internet due to the pandemic and the lack of establishments that remained open, criminals turned to cybercrime because there was a larger pool of people they could target. It is not always clear who owns or operates an address, therefore, it can be difficult to identify the individual behind an address tied up in illicit activity.Ĭybercrime involving digital currencies has been on the rise–especially during coronavirus lockdowns. The only thing pseudo-anonymous about Bitcoin is its wallet addresses. This means that any actions that take place on the Bitcoin blockchain are stored on-chain for everyone to see. Bitcoin is public, transparent, and immutable. Knowing that Bitcoin is entirely public, I started building Ransomwhere as a method to crowdsource information on ransomware payments,” said Cable.Ĭontrary to popular belief, Bitcoin is not the private network that many criminals and illicit actors believe it to be. Without knowing the full details of ransomware economics, it’s hard to tell if actions have an effect on criminal behavior. “I was inspired to launch Ransomwhere after seeing that no one really knows the full impact of ransomware, and cybercrime in general. Cable hopes that the data Ransomwhere generates will help individuals and enterprises understand the full impact ransomware attacks have and whether or not taking certain actions and preventive measures has an effect on impeding these attacks. We’re seeing that cybercriminals are getting more adept at exploiting systems and monetizing them, which is in part enabled by cryptocurrencies,” said Jack Cable, the founder of Ransomwhere.Ĭable is looking to mitigate cybercrime involving digital assets by providing comprehensive data around ransomware attacks that demand digital currency. … ) do indicate that ransomware attacks and payments are on the rise. “While the data on Ransomwhere is not fully complete, the current data and other public reports (e.g. Recently, many government organizations around the world have released statements warning their citizens and residents that cybercrime–including cybercrime involving digital currencies–is on the rise. At Stanford, Jack is a research assistant with the Stanford Internet Observatory and Stanford Empirical Security Research Group and launched Stanford’s bug bounty program, one of the first in higher education.In 2021, ransomware attackers have made roughly $32.7 million in cryptocurrency according to data from Ransomwhere one ransomware attack in particular–REvil–accounts for roughly 33% of the total amount of money raked in via ransomware attacks this year. Jack was named one of Time Magazine’s 25 most influential teens for 2018. After placing first in the Hack the Air Force challenge, Jack began working at the Pentagon’s Defense Digital Service. Jack is a top-ranked bug bounty hacker, having identified over 350 vulnerabilities in companies including Google, Facebook, Uber, Yahoo, and the US Department of Defense. Jack formerly served as an Election Security Technical Advisor at CISA, where he led the development and deployment of Crossfeed, a pilot to scan election assets nationwide. ![]() Jack Cable is a security researcher and student at Stanford University, currently working as a security architect at Krebs Stamos Group. Tod highlights some of the many things Discourse is doing right with its security program. Stick around for our Rapid Rundown, where Tod and Jen talk about a remote code execution vulnerability that open-source forum provider Discourse experienced recently, which CISA released a notification about over the weekend. They chat about how Cable came up with the idea, the role of cryptocurrency in tracking these payments, and how better data sharing can help combat the surge in ransomware attacks. In this episode of Security Nation, Jen and Tod chat with Jack Cable, security architect at the Krebs Stamos Group, about Ransomwhere, a crowdsourced ransomware payment tracker. ![]()
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