Treasury to issue new cryptocurrency sanctions after ransomware attacks

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email
Hacker (STOCK)

The Biden administration is preparing to issue a series of actions, including sanctions, to make it more difficult for hackers to profit off of ransomware attacks through the use of digital currency, as first reported by the Wall Street Journal on Friday.

According to the Journal, the Treasury Department plans to impose these new sanctions as soon as next week. The sanctions would reportedly target specific traders and cryptocurrency exchanges, in the hope of deterring exchanges from processing these transactions when they’re made. The department will also issue new guidance for businesses regarding the risks they take on by complying with ransomware payment requests.

The Treasury Department did not immediately respond to a request for...

Continue reading…

More To Explore

New trailers: King Richard, Uncharted, Ozark, and more

Will Smith stars as Venus and Serena Williams’ father in King Richard | Warner Bros.

Succession is back, thank goodness, and with it the awkward bravado of Kendall Roy, who would like his Twitter to be off the hook and w…

Ready to take the plunge into the online world?

drop us a line and keep in touch