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Ransomware Attack
US State Department Offers to Pay for Cybercrime Tips With Crypto
CoinDesk's Nihilesh De reacts to the U.S. State Department offering to pay up to $10 million in crypto for tips on cybercrime, including ransomware. "[This] is actually a first for the federal government," De said, noting the State Department has never provided crypto as a reward. Plus, Binance halting the trading of their stock tokens.
Report: White House to Create Ransomware Task Force
The White House is creating a new task force to investigate and tackle ransomware, including cryptocurrency payments, Politico reported Wednesday, but is it just a big PR stunt? "[The White House] is just diverting attention from the fact that they're trying to regain control of the money supply," host Naomi Brockwell said. "They can do it by smearing bitcoin, as they always have done, with the criminal brush."
Biden Under Mounting Pressure to Curb Ransomware Attacks
Recent cyberattacks have prompted calls for regulation, and President Joe Biden is facing increased pressure to present a national strategy to counteract the effects of ransomware. Will there be collateral damage for bitcoin? "The Hash" panel discusses the negative repercussions around cryptocurrency ransomware presents for the industry.
Ransomware Group REvil Demands $70M in Bitcoin From 200 US Firms
Russian-based ransomware hacking group REvil is demanding $70 million in bitcoin from at least 200 U.S. companies, and President Biden says he's ordering a full investigation on the attack. Esteban Castaño, CEO of crypto-tracking software firm TRM Labs, discusses crypto's role in these ransomware attacks and how TRM Labs can help prevent crypto fraud and financial crimes.
Barclays Blocks Payments to Binance in UK
U.K. bank Barclays said Monday it is blocking customers from using their debit and credit cards to make payments to crypto exchange Binance, following the Financial Conduct Authority (FCA)’s announcement that Binance cannot conduct regulated activities in the country.
Ransomware Group REvil Strikes Again, Demands $70M in Bitcoin From 200 US Firms
The Russian-based ransomware group is now demanding bitcoin in exchange for a decrypter for the infected machines.
How Blockchain Data Firms Are Combatting Ransomware Attacks
Cryptocurrency data firm Chainalysis is adding another $100 million in venture capital to a total valuation of $4.2 billion, as crypto’s role in ransomware becomes a mainstream concern. Pratima Arora of Chainalysis shares insights on cybercrime as well as market moves. “Chainalysis’ mission is to provide trust in blockchain,” Arora said.
Ledger Completes A $380 Million Series C Raise
"You don't just want to store [your digital assets] in a closet. You want them to interact with the whole ecosystem," says Ledger's chief experience officer Ian Rogers. "But the place your digital assets are most at risk is at the moment of transaction." Rogers joins "First Mover" to discuss Ledger's latest funding round, cybersecurity and ransomware attacks.
Ledger Completes A $380 Million Series C Raise
“You don’t just want to store [your digital assets] in a closet. You want them to interact with the whole ecosystem,” says Ledger’s chief experience officer Ian Rogers. “But the place your digital assets are most at risk is at the moment of transaction.”
Meat Supplier JBS Paid $11M in Bitcoin to Hackers After Ransomware Attack
JBS USA Holdings Inc., the largest meat producer globally by sales, was hit with a ransomware attack and revealed that it paid hackers $11 million in bitcoin to solve the issue. "The Hash" panel continues the ongoing conversation around the role of cryptocurrency in ransomware, and the actions regulators need to take to resolve such attacks.