US government launches plans to cut cybercriminals off from cryptocurrency
The White House on Thursday announced a flurry of actions launched by a new interagency task force to combat ransomware. The updates on the White House’s plan to tackle ransomware comes on the heels of the third major ransomware attack to pose a serious threat to the U.S. national security in as many months. The Russia-tied group REvil hit Florida-based IT firm Kaseya earlier this month, potentially affecting more than 1,500 companies. The group’s websites recently went dark for reasons that are still unclear. The senior administration declined to comment on whether the United States has or will take action against the group. Chief among the White House task force’s new efforts is to cut groups like REvil off from virtual currencies, which they use to collect ransom from victims and sell services to affiliates. The Treasury Department will support the implementation of money laundering requirements for virtual currency exchanges […]
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