THELOGICALINDIAN - A US agent has launched an analysis into the acceleration of ransomware attacks as able-bodied as how cryptocurrencies facilitate cybercrimes The analysis will additionally attending into accepted blank efforts and regulations accompanying to basic currencies the agent explained
Investigation Into Crypto’s Use in Cybercrimes
U.S. Senator Gary Peters appear aftermost anniversary a bipartisan “investigation into [the] acceleration of ransomware attacks and how cryptocurrencies facilitate cybercrimes.”
Peters is the administrator of the Homeland Security and Governmental Affairs Committee. He has led several efforts to bolster the U.S. cybersecurity defenses.
The advertisement states that he “is administering an analysis into the role cryptocurrencies abide to comedy in emboldening and incentivizing cybercriminals to accomplish ransomware attacks that affectation an accretion blackmail to United States civic security.”
Senator Peters stated:
Ransomware attacks added 150% in 2024 over the antecedent year, and added than $412 actor was paid to cybercriminals in bribe through cryptocurrencies during that aforementioned time period, the agent noted. He added that this month, a ransomware advance bedridden the networks of about 200 companies and hackers accepted about $70 actor in cryptocurrency to unscramble the afflicted networks.
The analysis “will appraise the acceleration in ransomware attacks, how cryptocurrency emboldens cybercriminals and how federal regulators and assembly can assignment to agitate the allurement to accomplish crimes in barter for cryptocurrencies,” the advertisement details, elaborating:
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