Mapping the Ransomware Payment Ecosystem & Opportunities for Friction
summary
A detailed transaction map from the Institute for Security and Technology traces ransom flow from fiat on‑ramping through VASPs (wire ACH credit card) to victim wallets, then through mixers and tumblers or centralized and peer‑to‑peer exchanges for obfuscation, and finally off‑ramping to fiat. The project pairs blockchain analytics with incident response practices, tests a mini‑pilot mapping TTPs, and reports measurable impact such as a 40% decline in ransom payments attributed to takedowns and added friction.
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chapters (7)
- 0:00Introduction and research overview
- 7:54Building the payment ecosystem map
- 17:54Regulation and sanctions in ransomware
- 25:05Obfuscation and laundering techniques
- 37:20Impact of law enforcement actions
- 41:53Debate on payment bans
- 48:16Q&A and closing remarks
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