Biden Administration Seeks to Expand Crypto Tracking to Fight Ransomware

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Deputy Press Secretary Karine Jean-Pierre told reporters yesterday in a press briefing aboard Air Force One that “combating ransomware is a priority for the administration.” Moreover, one of the ways it plans on addressing it is through more cryptocurrency tracking as the overwhelming majority of ransomware attackers demand Bitcoin or other cryptocurrency as payment.
Ransomware is malicious software that locks users out of a computer or a network. To regain access, they can pay the hackers, typically through cryptocurrency, which can be sent outside of traditional financial channels. Though ransomware has been a growing problem for years, with at least $400 million paid to hackers in 2020, it’s taken on increased urgency in recent months. 
Ransomware Attacks Top $81 Million in Stolen Crypto This Year: Chainalysis
In May, hacker group DarkSide collected $90 million in BTC after shutting down the Colonial Pipeline, which supplies gas to the Eastern seaboard. Several states experienced g

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Źródło: https://decrypt.co/72582/biden-administration-seeks-expand-crypto-tracking-fight-ransomware

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