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Former U.S. President Donald Trump says he does not like bitcoin because it is a currency that competes with the dollar, which he wants to be the currency of the world. He calls bitcoin a scam and wants cryptocurrency to be very heavily regulated. Trump Thinks Bitcoin Is a Scam, Wants Heavy Regulation on Crypto … Read more
U.S. law enforcement officials from the Justice Department on Monday announced the seizure of $2.3 million dollars worth of crypto assets that were paid to the Colonial Pipeline hackers. Deputy Attorney General Lisa Monaco explained during a news conference that federal agents “recaptured the majority of the ransom Colonial paid to the Darkside network.” FBI … Read more
Government officials did not specify the exact method used to seize the funds from the ransomware group. Go to Source Powered by WPeMatico
Two U.S. senators have urged lawmakers to increase measures to regulate cryptocurrencies, including how to trace cryptocurrency transactions, in order to combat ransomware attacks. “We haven’t figured out in the country or in the world how to trace cryptocurrency,” one senator said, adding that “We’ve got to do a better job here.” Senators Urge Lawmakers … Read more
U.S senators voiced their opinions on the matter of cryptocurrency’s use in ransomware attacks. Go to Source Powered by WPeMatico
The U.S. government is expanding its cryptocurrency analysis in a strategy to find and pursue criminal transactions. This comes in the wake of a rising problem of ransomware involving cryptocurrency, such as bitcoin. “Combating ransomware is a priority for the administration,” said a spokesperson for the White House. US Government to Expand Cryptocurrency Analysis The … Read more
Hackers will keep hacking as long as organizations are vulnerable — crypto is not an exception. Go to Source Powered by WPeMatico
Judicial authorities in France have refused to grant the extradition request filed by Russia for Alexander Vinnik. According to the Russian Ombudsman, Vinnik is now ready to start a new hunger strike despite his health deteriorating after spending almost four years in detention. Court Case Against Vinnik Continues in France The operator of the infamous … Read more
The global oil market was shaken by news from the United States as a ransomware attack hit the largest oil infrastructure operation in the country. A recent report claims hackers asked Colonial Pipeline to pay for an undisclosed amount in ransom to unlock the firm’s system – a demand the company allegedly fulfilled. Darkside Gang … Read more
The Institute for Security and Technology’s Ransomware Task Force (RTF) (over 60 experts) published an 81-page report presenting 48 recommendations to disrupt the ransomware business and mitigate the effect of such attacks. More on the story here: https://securityandtechnology.org/ransomwaretaskforce/report/xxx We have an expert comment from Ilia Kolochenko CEO, Founder and Chief Architect at ImmuniWeb (bio below): “The report provides … Read more
