Many ransomware crews are thought to be based in Russia, although Russian officials deny the country is a haven for the groups.Analysts at Chainalysis track the money flowing in and out of Bitcoin wallets which are known to be owned by ransomware crews.
"We refuse to pay ransoms if there's even a hint of connection to a sanctioned entity," Mr Seigel said. Companies have become better at protecting their back-ups, reducing their need to pay hackers for recovery, he added. The growth in the number of attacks last year could be connected with enforcement actions, mainly by the US authorities, which caused some of the largest ransomware groups to disband.The raids led to the arrests of two alleged REvil hackers in Romania and one from Ukraine.with more than $6m in cryptocurrency retrieved by US authorities in a so-called "claw back" hacking operation.and recovered $4.1m in stolen funds.
Is that a tiny violin that I can hear in the distance?
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley profits sink 40% on investment banking slowdown\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t “investment banking” in an oxymoron as was shown during the dot com tech collapse of 2000 and the real estate collapse in 2007/2008 Shortage of overvalued tech firms buying other overvalued firms has dried up. 🤣😂 Back to making money the old fashioned way.... Interest on deposits.
Source: FT - 🏆 113. / 51 Read more »