Ransomware as a service using smart contracts and IPFS
2020 IEEE International Conference on Blockchain and …, 2020•ieeexplore.ieee.org
Decentralized systems, such as distributed ledgers and the InterPlanetary File System
(IPFS), are designed to offer more open and robust services. However, they also create
opportunities for illegal activities. We demonstrate how these technologies can be used to
launch a ransomware as a service campaign. We show that criminals can transact with
affiliates and victims without having to reveal their identity. Furthermore, by exploiting the
robustness and resilience to churn of IPFS, as well as the decentralized computing …
(IPFS), are designed to offer more open and robust services. However, they also create
opportunities for illegal activities. We demonstrate how these technologies can be used to
launch a ransomware as a service campaign. We show that criminals can transact with
affiliates and victims without having to reveal their identity. Furthermore, by exploiting the
robustness and resilience to churn of IPFS, as well as the decentralized computing …
Decentralized systems, such as distributed ledgers and the InterPlanetary File System (IPFS), are designed to offer more open and robust services. However, they also create opportunities for illegal activities. We demonstrate how these technologies can be used to launch a ransomware as a service campaign. We show that criminals can transact with affiliates and victims without having to reveal their identity. Furthermore, by exploiting the robustness and resilience to churn of IPFS, as well as the decentralized computing capabilities of Ethereum, criminals can remain offline during most procedures, with many privacy guarantees.
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