Officials from 31 countries and the EU say uneven enforcement allows hackers to cash in. Consistent international scrutiny of cryptocurrencies will be key, the officials said, as ransomware groups that extort victims for digital payments can quickly transfer the funds to countries with lax standards for monitoring illicit transactions. Such rumours are great for the criminals operating the ransomware and tend to provoke intense scrutiny of corporate financials and spending in the months afterwards. White House Ransomware Summit Eyes Tighter Global Scrutiny for Crypto. The official added that Washington is engaging directly with Moscow on the matter. Google acquired DeepMind for 500 million in 2014, and its AI programs later beat the worlds best player in Go, as well as the top AI chess programs. Industry talk of vast payoffs always circulate after a ransomware attack, especially when companies aren't forthcoming with public communication. Kremlin officials, who have denied such charges, weren’t invited to the Counter-Ransomware Initiative this week, a senior U.S. The Treasury Department last month issued first-of-their-kind sanctions on a cryptocurrency exchange, while the Justice Department has launched a National Cryptocurrency Enforcement Team.īut cybersecurity experts say international collaboration will be key to slowing criminal groups that often operate across borders and with relative impunity in countries such as Russia. CyberNews: A researcher tricked ransomware operators into revealing their ransom payout structure, cash out schemes, and target acquisition strategies. Threat hunting and cyber intelligence firm Group-IB estimates that the number of ransomware attacks grew by more than 150 in 2020, and that the average ransom demand increased more than twofold. officials in recent months have ramped up their efforts to disrupt ransomware groups, expanding the government’s ability to track cryptocurrency and seize illicit funds. Leadership Vision eBook: 2022 Top Actions for Security Leaders. A focus on privacy laws, ransomware attacks, cyber-physical systems and board-level scrutiny are driving the priorities of security and risk leaders. “We also recognize the challenges some jurisdictions face in developing frameworks and investigative capabilities to address the constantly evolving and highly distributed business operations involving virtual assets,” officials from the summit said in their statement Thursday. The Top 8 Cybersecurity Predictions for 2021-2022.
The officials pointed to standards created by the Financial Action Task Force, an initiative from the Group of Seven countries, but acknowledged their “uneven global implementation.”
0 kommentar(er)
