Ransomware


Policy

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)

Videos

Key Takeaways From Senate Banking Committee's Crypto Hearing

As U.S. lawmakers become increasingly concerned about different aspects of the digital asset industry, Congress is continuing to hold hearings around cryptocurrencies. Marta Belcher, the Board Chair of the Filecoin Foundation and participant of Tuesday's Senate Banking Committee's hearing on cryptocurrencies' use cases, discusses her main takeaways from the hearing and why she's "not surprised" that it focused primarily on issues of ransomware and ESG.

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Videos

What to Expect From Tuesday’s Crypto Hearings in DC

CoinDesk’s Nikhilesh De discusses what to expect from two crypto-focused hearings commencing Tuesday: the first by the U.S. Senate Banking Committee discussing the topic of “Cryptocurrencies: What are they good for?” and the second by the House Financial Service Committee on CBDCs.

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Markets

Senate to Investigate Crypto’s Role in Cybercrime

The Senate Homeland Security and Governmental Affairs Committee is adding another front in lawmakers’ crypto probe.

U.S. Capitol building

Markets

Biden Accuses Chinese State Actors of Ransomware, Cryptojacking Attacks

"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.

The U.S. government accused the Chinese Ministry of State Security of supporting hackers conducting ransomware and crypto-jacking attacks.

Markets

Anatomy of Ransomware Attack: Chat Support, a Discount and a Surcharge for Bitcoin

Blockchain analytics firm Elliptic tracks a small business being contacted by REvil ransomware attackers demanding $50,000 in crypto for a decryption tool.

Laundering ransomware

Policy

US State Department Offers to Pay for Cybercrime Tips With Crypto

It’s part of the White House’s new anti-ransomware push.

State Department seal

Markets

White House Plans Ransomware Task Force: Report

The task force that will examine ways of limiting cryptocurrency payments in ransomware attacks.

Deputy National Security Adviser Anne Neuberger reportedly announced a ransomware task force to a group of senators on Wednesday.

Markets

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.

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