The Biden administration this week announced new security guidance to target those who facilitate ransomware payments, laying out an action plan that focuses on disrupting criminal networks and virtual currency exchanges. It follows on the heels of a surge in ransomware payments, which more than doubled from 2019 to 2020 to some $400 million globally. […]

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Source: https://bankautomationnews.com/premium-plus/plus-risk-security/u-s-treasurys-ransomware-crackdown-what-it-means-for-banks-and-fis/