US Justice Department to double its crypto team, target ransomware crimes
The National Cryptocurrency Enforcement Team, established in 2021, will be merged with the Computer Crime and Intellectual Property Section.
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US Justice Department seizes website of prolific ransomware gang Hive
The group is known to have targeted critical infrastructure, healthcare providers and more over the past two years.
US Treasury sanctions Iran-based ransomware group and associated Bitcoin addresses
The Office of Foreign Asset Control sanctioned 7 Bitcoin addresses allegedly connected to Iranian nationals Ahmad Khatibi Aghada and Amir Hossein Nikaeed Ravar.
Monero crypto of choice as ransomware ‘double extortion’ attacks increase 500%
A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment as more criminal groups want only XMR.
Want to weed out ransomware? Regulate crypto exchanges
Ransomware will remain a major threat moving into 2022, and to counter it, the crypto ecosystem must come to terms with more regulation.
Report: 74% of stolen funds from ransomware attacks went to Russian-affiliated wallet addresses in 2021
Russian hackers allegedly netted a profit of more than $400 million through crypto-ransomware in 2021.
Ransomware crypto payments hit at least $602M last year: Chainalysis
The total amount of value extracted through ransomware payments in 2021 is expected to rise above 2020 levels once all the data is sorted through.
US officials seize $6.1M in crypto from ransomware actors, adds Chatex to sanctions list
“This will not be the last time — the U.S. government will continue to aggressively pursue the entire ransomware ecosystem and increase our nation's resilience to cyber threats," said Attorney General Merrick Garland.
Aussie cyber spies to control critical infrastructure during ransomware attacks
The new bill, if passed, will allow cyber warfare operatives to take over control of critical infrastructure under attack.
Crypto adoption in sights: Regulators and industry join to fight ransomware
As the crypto industry continues to develop at a rapid pace, so do the ransomware attacks, but regulators now seem ready to step in.