Don’t Blame Bitcoin for Ransomware
Any organization that relies on computers may be vulnerable to digital extortion. But the threat isn’t always clear. Industry expert Marcus Hutchins weighs in.
"Hackers with a history of working for the PRC Ministry of State Security (MSS) have engaged in ransomware attacks, cyber enabled extortion, crypto-jacking, and rank theft from victims around the world, all for financial gain," a White House press release said.
Blockchain analytics firm Elliptic tracks a small business being contacted by REvil ransomware attackers demanding $50,000 in crypto for a decryption tool.
The Senate Homeland Security and Governmental Affairs Committee is adding another front in lawmakers’ crypto probe.
It’s part of the White House’s new anti-ransomware push.
The task force that will examine ways of limiting cryptocurrency payments in ransomware attacks.