US To Target Crypto Ransomware Payments With Sanctions

By   ISBuzz Team
Writer , Information Security Buzz | Sep 21, 2021 02:58 am PST

BACKGROUND:

As reported by the Wall Street Journal, the Biden administration is preparing an array of actions, including sanctions, to make it harder for hackers to use digital currency to profit from ransomware attacks, according to people familiar with the matter. The US government hopes to choke off access to a form of payment that has supported a booming criminal industry and a rising national security threat.