Biden to discuss crypto’s role in ransomware attacks at G-7, says national se...
The U.S. president has rarely made public statements on crypto and blockchain, though officials in his administration are reportedly reviewing current regulations. United States President Joe Biden will speak directly about cryptocurrency and its role in the attack on the Colonial Pipeline and other ransomware breaches, according to Biden’s national security adviser, Jake Sullivan.In a White House press briefing on Monday, Sullivan said U.S. officials, seemingly including Biden, would like to see an action plan regarding ransomware attacks during the president’s visit to the G-7 summit....
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U.S. President Joe Biden is also expected to discuss crypto's role in ransomware attacks during his meeting with Russian President Vladimir Putin on Wednesday. Maxine Waters, who represents California's 43rd congressional district in the U.S. Congress, said she had organized a group of Democratic lawmakers for a deep dive on cryptocurrencies and central bank digital currencies. In a Tuesday virtual hearing of the U.S. House of Representatives’ Task Force on Financial Technology, Waters said “cryptocurrencies and other digital assets” were an important issue for the House Financial Services....
In fact, 1% of attacks saw a demand of US$150,000 to be paid in Bitcoin. Ransomware developers are always one step ahead of security researchers these days. Not only in the way their software works, but also how they target potential victims. American businesses are seeing an influx in ransomware attacks all of a sudden. More particularly, company executives are a prime target for ransom are right now. While nearly nine in ten ransomware attacks are targeting hospitals these days, corporations are not out of the woods just yet. A new study unveiled how 40% of businesses investigated had....
The Biden administration reportedly intends to ramp up efforts to trace cryptocurrency payments. The U.S. Department of State has announced it will be taking a seemingly more active role in the pursuit of keeping some crypto users accountable.According to a Thursday Bloomberg report, the Biden administration intends to ramp up efforts to trace cryptocurrency payments, particularly when it comes to ransomware attacks. The government plans to address cybersecurity and crypto’s role as payment in such attacks. The report comes as the State Department recently announced its Rewards for Justice....
Joe Biden said that the U.S. and Russia might have the beginnings of a "cybersecurity arrangement that begins to bring some order" within the next year. United States President Joe Biden implied he made some progress in addressing ransomware attacks on critical infrastructure after speaking with Russian President Vladimir Putin.Following a Wednesday summit in Geneva, Biden said he had spoken with Putin on the issue of cybersecurity, the U.S. president making it clear his opinion was certain areas of critical infrastructure were off limits for attacks — whether the targets were in Russia or....
A Federal Trade Commission (FTC) panel said on Wednesday that while the threat of ransomware can be scary, simple “cyber hygiene,” or in other words, routine and basic security measures, are often enough to sufficiently counter these online attacks. FTC Panel Talks Ransomware. Nevertheless, the panel did not want to downplay the threat, or the damage ransomware has caused everyday users who have been victimized by attackers Chad Wilson, the Director of Information Security at Children’s National Medical Center in Washington D.C., did not mince words regarding his feelings toward....