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Ransomware Attack
How Blockchain Data Firms Are Combatting Ransomware Attacks
Cryptocurrency data firm Chainalysis is adding another $100 million in venture capital to a total valuation of $4.2 billion, as crypto’s role in ransomware becomes a mainstream concern. Pratima Arora of Chainalysis shares insights on cybercrime as well as market moves. “Chainalysis’ mission is to provide trust in blockchain,” Arora said.
Ledger Completes A $380 Million Series C Raise
"You don't just want to store [your digital assets] in a closet. You want them to interact with the whole ecosystem," says Ledger's chief experience officer Ian Rogers. "But the place your digital assets are most at risk is at the moment of transaction." Rogers joins "First Mover" to discuss Ledger's latest funding round, cybersecurity and ransomware attacks.
Ledger Completes A $380 Million Series C Raise
“You don’t just want to store [your digital assets] in a closet. You want them to interact with the whole ecosystem,” says Ledger’s chief experience officer Ian Rogers. “But the place your digital assets are most at risk is at the moment of transaction.”
Meat Supplier JBS Paid $11M in Bitcoin to Hackers After Ransomware Attack
JBS USA Holdings Inc., the largest meat producer globally by sales, was hit with a ransomware attack and revealed that it paid hackers $11 million in bitcoin to solve the issue. "The Hash" panel continues the ongoing conversation around the role of cryptocurrency in ransomware, and the actions regulators need to take to resolve such attacks.
eToro U.S. Chief on Expanding U.S. Hub to Miami; State of Crypto in Israel
Israeli-based exchange eToro plans to expand its U.S. hub in Hoboken, NJ, and build an additional branch in Miami, FL. eToro U.S. Managing Director Guy Hirsch joins "First Mover" to discuss what's in store. Plus, his main takeaways from the Bitcoin 2021 conference, how eToro is combatting the ransomware problem and the state of crypto in Israel.
Former Obama Cybersecurity Specialist: Banning Bitcoin to Combat Ransomware Is 'Foolish'
Michael Daniel, the former Special Assistant to President Obama and current Cyber Threat Alliance CEO, discusses bitcoin and cybersecurity concerns in light of burgeoning ransomware attacks on food and oil companies. The former NSC Staff cybersecurity coordinator says banning bitcoin to combat ransomware is "foolish."
Colonial Pipeline CEO Testifies in Front of Senate Homeland Security Committee on Ransomware Hack
Joseph Blount, the CEO of Colonial Pipeline, is testifying before Congress Tuesday over his company’s decision to pay an estimated $5 million in bitcoin to the ransomware hackers.
How Did Federal Officials Recover $2.3M in Bitcoin Paid to Colonial Pipeline Hackers?
Department of Justice and FBI officials say they recovered $2.3 million in bitcoin (BTC) Colonial Pipeline paid to a criminal outfit during a ransomware attack. Nikhilesh De, CoinDesk's Global Policy and Regulation Managing Editor, is looking into how the funds were recovered.
Capitol Hill Hearings in June: Central Bank Digital Currencies (CBDCs), Ransomware Attacks and More
CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De on what to expect from the upcoming house financial services committee hearings this month.
Is Banning Bitcoin the Solution to Ransomware Attacks?
After the Colonial Pipeline ransomware attack, some on Capitol Hill are wondering whether restrictions – or even an outright ban – on bitcoin are a solution for the growing problem of ransomware attacks. CoinDesk's Nik De weighs in.