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Thycotic's cyber security and digital forensics expert, Joseph Carson, has an alternative theory: the motive behind Wannacry was effectively insider trading following currency manipulation. Bitcoin was the real target.
If he is right, it explains the efficiency of the attack (the primary motive) and the inefficiency of the ransom collection (which was neither part of nor important to the plan).
Talking to SecurityWeek, Carson explained that one common theory on the value of Bitcoin is an application of Metcalfe's Law. Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2) (Wikipedia). Giovanni Santostasi, chief scientific officer at DeepWave and Fountain Health Technologies, has applied this to Bitcoin: "The exponential growth is driven by one factor only, not millions. The rate of adoption. Period. In fact there is a strong correlation (R2 = 0.82) between number of users and price."
This is Carson's starting point. If you want to manipulate Bitcoin value, he told SecurityWeek, you cause a sudden increase in the number of users. This is most easily measured by the number of Bitcoin wallets in existence. A global ransomware outbreak, demanding payment by Bitcoin, would certainly have such an effect: both direct victims and judicious organizations are likely to obtain wallets.
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This is Carson's starting point. If you want to manipulate Bitcoin value, he told SecurityWeek, you cause a sudden increase in the number of users. This is most easily measured by the number of Bitcoin wallets in existence. A global ransomware outbreak, demanding payment by Bitcoin, would certainly have such an effect: both direct victims and judicious organizations are likely to obtain wallets.
In previous versions of “similar” ransomware like Petya/Mischa/GoldenEye, this installation ID contains crucial information for the key recovery. After sending this information to the attacker they can extract the decryption key using their private key
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