US Senator introduces bill to study the role of cryptocurrency in ransomware
Senator Elizabeth Warren introduced the Ransom Disclosure Act which aims to help the Department of Homeland Security gather data on ransomware payments using crypto and fiat and also protect investors from cybercrimes. Senator Elizabeth Warren and Representative Deborah Ross introduced the Ransom Disclosure Act, which would force victims of ransomware attacks to report information about ransom […]
Europol-backed Sting Operation Captures Two Ransomware Masterminds
The operation was sponsored and supervised by Europol, which claims the apprehended individuals are notorious for their outlandish ransom demands ranging from €5 million to €70 million.
Maggie Hassan wants agencies to look into the use of crypto in ransomware
US Senator Maggie Hassan has written to different federal agencies to take more action against the illegal usage of digital assets. Senator Maggie Hassan, a Democrat, is the latest to express alarm about the use of Bitcoin to pay for ransomware attacks. On September 16, a member of the Senate Homeland Security and Governmental Affairs […]
Ransomware hackers demand $70 million in Bitcoin and allege a major U.S. attack, as Biden Investigates
An investigation into possible Russian involvement in the ransomware assault is underway, as hackers seek $70 million in bitcoin and claim a major U.S. strike. Vice President Joe Biden is leading the investigation. A group of Russian-speaking hackers have claimed responsibility for a massive ransomware attack that took place over the holiday weekend, affecting 200 […]