Estimation of ransomware payments in Bitcoin ecosystem
Conference paper
Raheem, A., Raheem, R., Chen, T. and Alkhayyat, A. 2021. Estimation of ransomware payments in Bitcoin ecosystem. 12th International Workshop on Trust, Security and Privacy for Big Data (TrustData 2021). New York City, NY, USA 30 Sep - 03 Oct 2021 IEEE. pp. 1667-1674 https://doi.org/10.1109/ISPA-BDCloud-SocialCom-SustainCom52081.2021.00224
Type | Conference paper |
---|---|
Title | Estimation of ransomware payments in Bitcoin ecosystem |
Authors | Raheem, A., Raheem, R., Chen, T. and Alkhayyat, A. |
Abstract | Ransomware is one of the malicious software that is designed to prevent access to computer system until a sum of money is paid by the victim to the attacker. During the infection, the computer will either be locked, or the data will be encrypted. Ransoms are often demanded in Bitcoin, a largely anonymous Cryptocurrency. All transactions are recorded in the blockchain and verified by peer-to-peer networks. This paper investigation collects ten recent ransomware families, which use bitcoin as a payment for their ransom. In conjunction, we identified, collected and analysed Bitcoin addresses of users combining information from a clustering model and the blockchain. We used a heuristic clustering algorithm to reveal the hidden node's payment of ransomware. Finally, we demonstrated the characteristics of ransomware encryption mechanisms that include a view of the infected process and its execution, and the distinctive demands of ransom. |
Keywords | Bitcoin; Blockchain; Cybercrime; Heuistic Clustering; Ransomware; Distrbibuted Ledeger; Payment; Transaction |
Conference | 12th International Workshop on Trust, Security and Privacy for Big Data (TrustData 2021) |
Page range | 1667-1674 |
Proceedings Title | 2021 IEEE Intl Conf on Parallel & Distributed Processing with Applications, Big Data & Cloud Computing, Sustainable Computing & Communications, Social Computing & Networking (ISPA/BDCloud/SocialCom/SustainCom) |
Series | IEEE International Symposium on Parallel and Distributed Processing with Applications |
ISSN | 2158-9178 |
ISBN | |
Electronic | 9781665435741 |
Paperback | 9781665411936 |
Publisher | IEEE |
Publication dates | |
30 Sep 2021 | |
Online | 22 Dec 2021 |
Publication process dates | |
Deposited | 23 Feb 2022 |
Accepted | 01 Jul 2021 |
Output status | Published |
Accepted author manuscript | |
Copyright Statement | © 2021 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. |
Digital Object Identifier (DOI) | https://doi.org/10.1109/ISPA-BDCloud-SocialCom-SustainCom52081.2021.00224 |
Web of Science identifier | WOS:000766837400208 |
Web address (URL) of conference proceedings | https://ieeexplore.ieee.org/xpl/conhome/9644634/proceeding |
Language | English |
https://repository.mdx.ac.uk/item/89qyq
Download files
78
total views39
total downloads2
views this month0
downloads this month