DOJ to Give Ransomware Assaults Identical Precedence as Terrorism: Report

In short

  • The US Division of Justice will elevate ransomware hacks with to an analogous precedence stage as terrorism, Reuters experiences.
  • Latest high-profile ransomware assaults have affected the provision of meat and fuel nationwide.

Within the wake of ransomware assaults towards Colonial Pipeline and the meat processing firm JBS, the US Division of Justice will elevate ransomware to an analogous precedence stage as terrorism, Reuters experiences.

Ransomware is a sort of malicious software program that may freeze or in any other case disable a community till a ransom is paid. A Russian hacker group known as DarkSide used ransomware towards Colonial Pipeline final month, taking out a lot of the East Coast’s oil and fuel provide. The corporate reportedly paid a multi-million greenback ransom in Bitcoin.

Earlier this week, one other Russian group known as REvil used ransomware towards JBS, taking out meat plants nationwide. The corporate has not disclosed whether or not it paid out a ransom.

Ransomware hackers are inclined to demand fee in cryptocurrency, because it’s comparatively simple to obscure the paper path. DarkSide reportedly takes fee in each Bitcoin and Monero (a privateness coin). In accordance with information from the blockchain analytics agency Chainalysis, the quantity of crypto extorted from ransomware assaults grew 311% final yr alone.

Reuters additionally experiences that US legal professional’s places of work throughout the nation are being instructed to coordinate their ransomware investigations with a “just lately created process drive in Washington.”

Talking on the Russian origin of the JBS hack, White Home Press Secretary Jen Psaki mentioned that President Biden plans to carry up the problem of ransomware assaults with Vladimir Putin at an upcoming summit.

“Accountable states don’t harbor ransomware criminals,” she mentioned.

Source link