U.S. Treasury puts crypto industry on notice over rising ransomware attacks

WASHINGTON, Oct 15 (Reuters) – Suspected ransomware payments totaling $590 million were made in the first six months of this year, more than the $416 million reported for the whole of 2020, U.S. authorities said on Friday, as Washington put the cryptocurrency industry on alert about its role in combating ransomware attacks.The U.S. Treasury Department said the average amount of reported ransomware transactions per month in 2021 was $102.3 million, with REvil/Sodinokibi, Conti, DarkSide, Avaddon, and Phobos the most prevalent ransomware strains reported.President Joe Biden has made the government’s cybersecurity response a top priority for the most senior levels of his …
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