From cybersecuritylog.com
Earlier this week, the Biden administration announced a new campaign to combat ransomware attacks, which will include placing penalties on the criminals’ cryptocurrency pipelines in order to prevent them from obtaining additional ransom money. Aside from that, the administration requested businesses to report extortion attempts so that they can better protect themselves against them, according to Insurance Journal.
Wally Adeyemo, the deputy secretary of the Treasury, has declared that sanctions will be applied against the Suex, a bitcoin transferring business situated in the Czech Republic. His influence on this decision was due to Suex’s track record of facilitating transactions that involve money obtained via unlawful means for at least eight ransomware versions.