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Ransomware

(Michael Geiger/Unsplash, modified by CoinDesk)
Finance
Ransomware
US Agencies Seized Around $30M of Crypto Related to NetWalker Ransomware Last Year
The January 2021 seizure is the largest related to ransomware, according to blockchain research firm Chainalysis.
(Michael Geiger/Unsplash, modified by CoinDesk)
By Jamie Crawley
Feb 18, 2022 at 11:03 a.m. UTC
Feb 18, 2022
RansomwareChainalysisLaw EnforcementUS
Russia Kremlin (Viacheslav Lopatin/Shutterstock)
Finance
Russia
Russia-Affiliated Addresses Received 74% of Ransomware Revenue Last Year: Chainalysis
Moscow City firms received as much as 48% of their crypto from illicit addresses.
Russia Kremlin (Viacheslav Lopatin/Shutterstock)
By Eliza Gkritsi
Feb 14, 2022 at 1:00 p.m. UTC
Feb 14, 2022
RussiaCrimeRansomware
A woman using a smartphone (Getty/D3sign)
Finance
Chainalysis
Ransomware Payments Are Getting Bigger as Hackers Shift Focus to Larger Targets: Chainalysis
New research from blockchain surveillance firm Chainalysis shows that ransomware gangs are getting more sophisticated.
A woman using a smartphone (Getty/D3sign)
By Cheyenne Ligon
Feb 10, 2022 at 3:05 p.m. UTC
Feb 10, 2022
ChainalysisRansomwareReportsIran
Russian Authorities Say They’ve Dismantled REvil Ransomware Group at US Request
Video
Nikhilesh de
Russian Authorities Say They’ve Dismantled REvil Ransomware Group at US Request
Russia’s top domestic intelligence agency says REvil, the Russia-based ransomware group tied to the Colonial Pipeline attack, has “ceased to exist” after it arrested 14 allege...
Russian Authorities Say They’ve Dismantled REvil Ransomware Group at US Request
By CoinDesk Staff
Jan 19, 2022 at 3:58 p.m. UTC
Jan 19, 2022
Nikhilesh DecdtvFM ClipRussiaColonial PipelineREvilRansomware
Opinionated 4:3
Podcasts
Opinionated
‘Tis the Season of Ransomware Indictments, Feat. Chainalysis’ Gurvais Grigg
The U.S. must keep up with crypto technology to maintain global economic influence.
Opinionated 4:3
By Ben SchillerAnna BaydakovaDanny Nelson
Nov 18, 2021 at 2:30 p.m. UTC
Nov 18, 2021
OpinionatedPodcastsRansomwareChainalysisFBIUSCryptoBitcoin
The Ransomware Task Force report warned an international effort would be needed to properly combat a growing ransomware threat.
Finance
Ransomware
Electronics Retailer MediaMarkt Hit by Ransomware Demand for $50M Bitcoin Payment: Report
Following the attack on Sunday, the attackers initially asked for $240 million.
The Ransomware Task Force report warned an international effort would be needed to properly combat a growing ransomware threat.
By Jamie Crawley
Nov 10, 2021 at 3:10 p.m. UTC
Nov 10, 2021
RansomwareRansomware Attack
Gage Skidmore/Flickr
Policy
Ransomware
Biden Administration Sanctions Crypto Exchange Chatex Over Ransomware Allegations
The Treasury Department said the exchange provided “material support” to Suex, a previously sanctioned exchange.
Gage Skidmore/Flickr
By Eliza Gkritsi
Nov 9, 2021 at 4:01 a.m. UTC
Nov 9, 2021
RansomwareUSWhite HouseCyber AttackCybersecurityTreasury
Hackers Break Into Thousands of  Security Cameras, Exposing Tesla, Jails, Hospitals
Finance
Ransomware
US-Led Multilateral Ransomware Meeting Calls for Enhanced Powers Over Crypto
Crypto is the “primary” financial instrument used to facilitate attacks.
Hackers Break Into Thousands of  Security Cameras, Exposing Tesla, Jails, Hospitals
By Eliza Gkritsi
Oct 15, 2021 at 7:30 a.m. UTC
Oct 15, 2021
RansomwareRegulationPolicyUSWhite House
U.S. President Joe Biden (Al Drago/Getty Images)
Policy
Ransomware
Biden Administration Plans Cryptocurrency Sanctions to Combat Ransomware
It’s unclear how specifically the U.S. government will seek to mitigate ransomware payments.
U.S. President Joe Biden (Al Drago/Getty Images)
By Nikhilesh De
Sep 20, 2021 at 4:21 p.m. UTC
Sep 20, 2021
RansomwareJoe BidenU.S. Treasury Department
FBI Director Christopher Wray testifies to Congress on ransomware attacks. (Stefani Reynolds/Bloomberg via Getty Images)
Policy
Ransomware
Crypto Isn’t the Cause of Ransomware. It Might Be the Cure
Stamping out cryptocurrency to stall ransomware attacks doesn’t make any sense, says a former U.S. Treasury official.
FBI Director Christopher Wray testifies to Congress on ransomware attacks. (Stefani Reynolds/Bloomberg via Getty Images)
By Ari Redbord
Sep 14, 2021 at 6:02 p.m. UTC
Sep 14, 2021
RansomwareOpinionFinCEN