FBI seeks Bitcoin wallet info of ransomware attackers

FBI seeks Bitcoin wallet info of ransomware attackers
Comments Off on FBI seeks Bitcoin wallet info of ransomware attackers, 08/09/2022, by , in Cryptocurrency

A few federal organizations in the United States — the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Protection Agency and the Multi-State Information and facts Sharing and Analysis Heart — jointly issued an advisory searching for info to curb ransomware assaults. 

As aspect of the #StopRansomware marketing campaign, the joint cybersecurity advisory alerted citizens of Vice Culture, a ransomware-kind program that encrypts info and requires ransom for decryption.

The trio anticipates a spike in ransomware assaults, primarily aimed at educational institutions, introducing that “School districts with confined cybersecurity abilities and constrained means are typically the most susceptible.”

When proactive actions keep on being important to counter ransomware, the FBI asked US citizens to report info that can help monitor the whereabouts of the hackers. Some vital data the FBI seeks features Bitcoin (BTC) wallet info, ransom notes and IP addresses joined to the attacker.

By making use of wallet addresses, authorities can backtrack illicit transactions on Bitcoin’s immutable blockchain without having worrying about the trail going cold.

Even though Bitcoin permits frictionless cross-border transactions, most attackers prefer using fiat currencies to fund their illicit activities. It was also discovered that only .15% of activity on blockchains in 2021 was criminal offense-relevant, which has been going down constantly yr around 12 months.

In addition, the a few federal businesses strongly discourage Us residents from shelling out ransom “as payment does not warranty victim documents will be recovered.” People affected by ransomware assaults can report the details by going to a local FBI workplace or through official communication channels.

Related: Crypto app targeting SharkBot malware resurfaces on Google app retail outlet

The Dutch General public Prosecution Assistance just lately tracked down crypto wallets related with a ransomware assault on Netherland-centered Maastricht College (UM).

In 2019, a ransomware hack froze all assets of UM, these kinds of as investigate data, email messages and library sources. UM afterwards agreed to fork out the hacker’s demand from customers of €200,000 (or $198,760)in BTC, which is currently valued at about €500,000 (or $496,900).

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