US Senators Proposed Crackdown On Digital Currency As Ransom Payment
On Sunday, two US Senators suggested that legislators should take additional measures to keep track of crypto-currencies.
On Sunday, two US Senators on the Intelligence Committee suggested that legislators should take additional measures to keep track of crypto-currencies which have become a popular medium of exchange among hackers, for allowing transactions to remain anonymous.
Senator Roy Blunt said in an appearance on Meet the Press of NBC News that the only way to get on the top of the prevalent ransomware issue is to furnish a pattern before opening into a review of the anonymity provided by virtual currencies frequently used pay ransoms.
Colonial Pipeline paid 4.4M dollars to hackers in BTC
Referencing the ransomware attacks on meat-packer JBS and Colonial Pipeline, Sen. Blunt said that it took beef and gasoline for us to ponder that is really a severe issue. The attacks on JBS and Colonial sparked extensive meat-plant shutdowns and gas shortages, respectively. Colonial Pipeline paid 4.4M dollars to hackers in Bitcoin, but it is uncertain if meat-packer JBS has paid a ransom.
Not specifying policy measures, Mr. Blunt said that legislators should not permit cryptos to operate ‘behind the scenes’ for hackers and such an easy way to receive money for attacks with identification.
On Sunday, Blunt said that they have a lot of cash requirements in their country, but they have not figured out in the country or world to keep track of cryptos, adding they’ve got to perform better there.
Referencing a cyber-attack by Russian hackers who unleashed a computer virus on eighteen-thousand government and private networks globally, Senator Mark Warner said that what he is worried about is if they saw the kind of widespread attack that took place in 2020, the SolarWinds attack. Moreover, if that attack had been an attempt to shut down their system, their economy would have come to a Stop.
US Senators Proposed Crackdown On Digital Currency As Ransom Payment Source: Web
On Sunday, Jennifer Granholm, United States Energy Secretary, affirmed that America’s challengers have the capability to shut down the country’s power grid effectively. Although she did not mention cryptos, she said she supports outlawing ransom money and that no one should be paying ransoms after cyber-attacks because ‘it only urges the bad guys.’
