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US Treasury alerts crypto companies to their growing role in preventing ransomware payments and sanctioning evaders

October 15, 2021


Crypto companies have a growing responsibility to help prevent ransomware payments and sanction evaders, the Treasury said in a statement on Friday.

Ransomware payments have surged in 2021 as cyber criminals take company data hostage and demand payment in the form of cryptocurrencies to unlock it. This makes payments both harder to trace and easier to make for companies looking to get their data back quickly.

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