In ransomware attacks, cyber criminals often demand payment from victims in the form of digital currency. Photo: AFP
In ransomware attacks, cyber criminals often demand payment from victims in the form of digital currency. Photo: AFP

politico | US Treasury unleashes cryptocurrency sanctions to fight ransomware

  • The new sanctions will block all trades involving Suex – a cryptocurrency exchange operating in Russia – and US entities
  • The move comes amid a rise in ransomware attacks, including the Colonial Pipeline hack that shut down one of the largest fuel delivery sources in the US

Topic |   Computer hackers
In ransomware attacks, cyber criminals often demand payment from victims in the form of digital currency. Photo: AFP
In ransomware attacks, cyber criminals often demand payment from victims in the form of digital currency. Photo: AFP
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