Governments worldwide to crack down on ransomware payment channels

Sergiu Gatlan reports:

Senior officials from more than 30 countries said that their governments would take action to disrupt the illicit cryptocurrency payment channels used by ransomware gangs to finance their operations.

The joint statement was issued following the virtual Counter-Ransomware Initiative meetings facilitated this week by the White House National Security Council in response to ongoing attacks that revealed significant vulnerabilities across critical worldwide infrastructure.

[…]

The efforts to disrupt ransomware groups’ abuse of cryptocurrency will include regulators, financial intelligence units, and law enforcement regulating, supervising, investigating, and taking action against virtual asset exploitation.

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