Jake Sullivan said the "cryptocurrency challenge ... lies at the core" of ransomware attacks.
The crypto industry needs to pay attention to – and help fight – the growing ransomware threat.
The CEO will face the Senate Homeland Security Committee to explain the reasoning behind his decision to pay a $4.4M bitcoin ransom.
Colonial paid $4.4 million in bitcoin after its systems fell victim to a ransomware attack last month.
Paying international criminals to unlock data “will put an even bigger target on the back of critical infrastructure,” says U.S. Rep. Carolyn Maloney.
DarkSide hackers might have received 321.5 BTC for ransom since March, with 107 BTC still unaccounted for.