Democrat Senator lobbies agencies over the use of crypto in ransomware
Senator Hassan wants federal agencies to take more action while Senator Lummis is more concerned with stifling innovation. Some U.S. Senators are ramping up the anti-crypto rhetoric again, urging federal agencies to take action against the illicit use of digital assets.Democrat Senator Maggie Hassan is the latest to raise concerns about the use of cryptocurrency as a means of payment for ransomware attacks.The Senate Homeland Security and Governmental Affairs Committee member sent a letter on Sept. 16 to several agencies including the Justice Department, the Department of Homeland....
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Law enforcement agencies and government officials are trying to come up with a strategy to fight Bitcoin ransomware on a global scale. One proposal would see countries not doing anything to stop ransomware groups should be treated the same as those who aid in terrorism. Playing the Terrorism Card to Fight Ransomware. The topic of Bitcoin ransomware has....
As the crypto industry continues to develop at a rapid pace, so do the ransomware attacks, but regulators now seem ready to step in. With an increasing number of people forced to work from their homes, data suggests that ransomware attacks are at their all-time highest with the frequency of these incidents increasing by 45% over the course of April 2021 alone. Not only that, some are adamant that the rise in ransomware attacks is closely connected to the meteoric growth of the crypto sector.Also, in the midst of the recent positive crypto market activity, news of the United States....
U.S. Senator Margaret Hassan has requested that government agencies take “additional targeted steps to prevent and prosecute the use of cryptocurrency for criminal purposes.” She expressed her concern over “the rise in the use of cryptocurrency for criminal purposes.”
US Senator Requests Agencies Take Steps to Prevent and Prosecute Use of Crypto for Criminal Purposes
U.S. Senator Maggie Hassan wrote a letter to Attorney General Merrick Garland expressing her concern about the criminal use of cryptocurrencies Thursday. Garland is the 86th U.S. attorney....
The CEO of Chainalysis expects law enforcement agencies armed with the company's technology to catch up with those responsible for ransomware attacks soon. The reign of terror unleashed by Bitcoin ransomware may soon come to an end. According to the blockchain analysis company Chainalysis, law enforcement agencies are gearing up to combat cyber crimes of this nature. Ransomware attacks have seen a drastic rise in the recent days. Cybercriminals, who were initially targeting individual users for small ransoms have graduated to bigger targets. Some of the recent targets include big....
A U.S. senator has launched an investigation into the rise of ransomware attacks as well as how cryptocurrencies facilitate cybercrimes. “The investigation will also look into current oversight efforts and regulations related to virtual currencies,” the senator explained. Investigation Into Crypto’s Use in Cybercrimes U.S. Senator Gary Peters announced last week a bipartisan “investigation into [the] rise of ransomware attacks and how cryptocurrencies facilitate cybercrimes.” Peters is the chairman of the Homeland Security and Governmental Affairs Committee.....