$600+ M in ransoms paid

What’s happening? Financial firms identified $600Million in ransoms paid for ransomeware attacks. U.S. Department of Treasury investigators say it identified $5.2 Billion in bitcoin transactions that appear to be ransom payments.

Why is this important? The escalation is a critical infrastructure security threat.

How will this be important? Treasury conclusion is that ” private sector has collectively failed so far to take sufficient steps to protect against attacks”

Wall Street Journal | Suspected Ransomware Payments Nearly Doubled This Year, Treasury Says