Ransomware News

“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.

U.S. regulators are looking at crypto-related areas, touching on financial regulation, economic innovation and national security.

The new bill, if passed, will allow cyberwarfare operatives to take over control of critical infrastructure under attack.

Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation.

“Following the flow of ransomware payments on the blockchain is instrumental for law enforcement to understand and dismantle ransomware operations,” said Chainalysis CEO Michael Gronager.

The Ransom Disclosure Act aims to help the Department of Homeland Security gather critical data on ransom payments in cryptocurrency and fiat.

The government agency hinted at possible additional sanctions for "financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response" that facilitated ransomware payments.

Senator Hassan wants federal agencies to take more action, while Senator Lummis is more concerned about innovation being stifled.

The United States is offering crypto assets to incentivize white hat hackers to uncover state-sponsored actors and potential terrorists on the dark web.

The IT firm denies that it paid a ransom to the Russian hacker group in exchange for the decryption tool.

Michele Korver’s appointment to the U.S. Financial Crimes Enforcement Network promises to reduce illicit financial practices within the crypto space.

A blockchain-based healthcare platform is ramping up security even further, ensuring that patient files sent over its infrastructure are only viewed by the right professionals.

Any ransom payments made in cryptocurrency are taxed as property rather than currency, so be aware of the U.S. tax implications.

Democratic Representative Bill Foster has called for legal power to identify wallet holders and reverse crypto transactions in instances of criminal behavior such as ransomware attacks.

CNBC’s Jim Cramer has sold off almost all of his BTC holdings, predicting bearish fundamentals will suppress Bitcoin’s price for the foreseeable future.