Tuesday, August 16, 2022
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Cryptocurrency

US Puts Cryptocurrency Industry on Notice Over Ransomware Attacks 

by Crypto News
October 15, 2021
in Cryptocurrency
0
US Puts Cryptocurrency Industry on Notice Over Ransomware Attacks 
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


WASHINGTON — 

Suspected ransomware funds totaling $590 million have been made within the first six months of this yr, greater than the $416 million reported for all of 2020, U.S. authorities mentioned on Friday, as Washington put the cryptocurrency trade on alert about its position in combating ransomware assaults.

The U.S. Treasury Division mentioned the typical quantity of reported ransomware transactions monthly in 2021 was $102.3 million, with REvil/Sodinokibi, Conti, DarkSide, Avaddon, and Phobos essentially the most prevalent ransomware strains reported.

President Joe Biden has made the federal government’s cybersecurity response a high precedence for essentially the most senior ranges of his administration following a sequence of assaults this yr that threatened to destabilize U.S. power and meals provides.

Avoiding U.S. sanctions

In search of to cease using cryptocurrencies within the fee of ransomware calls for, Treasury advised members of the crypto neighborhood they’re answerable for ensuring they don’t straight or not directly assist facilitate offers prohibited by U.S. sanctions.

Its new steerage mentioned the trade performs an more and more vital position in stopping these blacklisted from exploiting cryptocurrencies to evade sanctions.

“Treasury helps to cease ransomware assaults by making it tough for criminals to revenue from their crimes, however we’d like companions within the non-public sector to assist forestall this illicit exercise,” Deputy Treasury Secretary Wally Adeyemo mentioned in a press release.

The brand new steerage additionally suggested cryptocurrency exchanges to make use of geolocation instruments to dam entry from nations beneath U.S. sanctions.

Hackers use ransomware to take down methods that management every little thing from hospital billing to manufacturing. They cease solely after receiving hefty funds, sometimes in cryptocurrency.

Giant scale hacks

This yr, gangs have hit quite a few U.S. firms in massive scale hacks. One such assault on pipeline operator Colonial Pipeline led to non permanent gas provide shortages on the U.S. East Coast. Hackers additionally focused an Iowa-based agricultural firm, sparking fears of disruptions to grain harvesting within the Midwest.

The Biden administration final month unveiled sanctions towards cryptocurrency change Suex OTC, S.R.O. over its alleged position in enabling unlawful funds from ransomware assaults, officers mentioned, within the Treasury’s first such transfer towards a cyptocurrency change over ransomware exercise.



Source link

Related articles

Cryptocurrency Aerarium Fi Decreases More Than 6% Within 24 hours

Cryptocurrency Aerarium Fi Decreases More Than 6% Within 24 hours

August 16, 2022
PYMNTS Cryptocurrency Glossary: Central Bank Digital Currency

PYMNTS Cryptocurrency Glossary: Central Bank Digital Currency

August 15, 2022
Share76Tweet47

Related Posts

Cryptocurrency Aerarium Fi Decreases More Than 6% Within 24 hours

Cryptocurrency Aerarium Fi Decreases More Than 6% Within 24 hours

by Crypto News
August 16, 2022
0

 Aerarium Fi's AERA/USD value has decreased 6.5% over the previous 24 hours to $7.52, persevering with its downward development...

PYMNTS Cryptocurrency Glossary: Central Bank Digital Currency

PYMNTS Cryptocurrency Glossary: Central Bank Digital Currency

by Crypto News
August 15, 2022
0

Cryptocurrency is a complicated enterprise with a language all its personal, partly as a result of it's a genuinely...

Decentraland, Theta Network, and FreeWoly – CryptoMode

Decentraland, Theta Network, and FreeWoly – CryptoMode

by Crypto News
August 15, 2022
0

In the event you’re on the lookout for that blend of enjoyable and reward, then you definitely’d discover Decentraland...

How Bitfinex Pay is making cryptocurrency transactions smooth and easy.

How Bitfinex Pay is making cryptocurrency transactions smooth and easy.

by Crypto News
August 15, 2022
0

Because the beginning of Bitcoin and the event of the cryptocurrency market, Folks have progressively began embracing cryptocurrency funds...

Cryptocurrency News Live: Ethereum Approaches $2,000

Cryptocurrency News Live: Ethereum Approaches $2,000

by Crypto News
August 15, 2022
0

Cryptocurrency nonetheless stays a mystical topic for a lot of eager buyers in India. Whereas cryptos are slowly gaining...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
First bitcoin. Then GameStop. Now tiny tungsten cubes

First bitcoin. Then GameStop. Now tiny tungsten cubes

October 29, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
AMAZING!!! BITCOIN ROADMAP!! STILL PLAYING OUT!?

AMAZING!!! BITCOIN ROADMAP!! STILL PLAYING OUT!?

August 16, 2022
Cryptocurrency Aerarium Fi Decreases More Than 6% Within 24 hours

Cryptocurrency Aerarium Fi Decreases More Than 6% Within 24 hours

August 16, 2022
Ethereum, Binance Coin and Two Additional Altcoins Have Limited Upside, Warns Top Crypto Trader

Ethereum, Binance Coin and Two Additional Altcoins Have Limited Upside, Warns Top Crypto Trader

August 15, 2022
Big Buying Activity Boosting Bitcoin, Cardano, and Polkadot Today

Big Buying Activity Boosting Bitcoin, Cardano, and Polkadot Today

August 15, 2022

Recent News

AMAZING!!! BITCOIN ROADMAP!! STILL PLAYING OUT!?

AMAZING!!! BITCOIN ROADMAP!! STILL PLAYING OUT!?

August 16, 2022
Cryptocurrency Aerarium Fi Decreases More Than 6% Within 24 hours

Cryptocurrency Aerarium Fi Decreases More Than 6% Within 24 hours

August 16, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News