FBI seeks Bitcoin wallet information of ransomware attackers

Three federal companies in the US — the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Safety Company and the Multi-State Data Sharing and Evaluation Heart — collectively issued an advisory searching for info to curb ransomware assaults. 

As a part of the #StopRansomware marketing campaign, the joint cybersecurity advisory alerted residents of Vice Society, a ransomware-type program that encrypts knowledge and calls for ransom for decryption.

The trio anticipates a spike in ransomware assaults, primarily geared toward instructional establishments, including that “Faculty districts with restricted cybersecurity capabilities and constrained sources are sometimes probably the most susceptible.”

Whereas proactive measures stay very important to counter ransomware, the FBI requested US residents to report info that helps monitor the whereabouts of the hackers. Some key info the FBI seeks consists of Bitcoin (BTC) pockets info, ransom notes and IP addresses linked to the attacker.

Through the use of pockets addresses, authorities can backtrack illicit transactions on Bitcoin’s immutable blockchain with out worrying concerning the path going chilly.

Whereas Bitcoin allows frictionless cross-border transactions, most attackers desire utilizing fiat currencies to fund their illicit actions. It was additionally discovered that solely 0.15% of exercise on blockchains in 2021 was crime associated, which has been happening persistently 12 months over 12 months.

Furthermore, the three federal companies strongly discourage People from paying ransom “as fee doesn’t assure sufferer recordsdata can be recovered.” People affected by ransomware assaults can report the main points by visiting an area FBI workplace or by official communication channels.

Associated: Crypto app focusing on SharkBot malware resurfaces on Google app retailer

The Dutch Public Prosecution Service not too long ago tracked down crypto wallets related to a ransomware assault on Netherland-based Maastricht College (UM).

In 2019, a ransomware hack froze all property of UM, corresponding to analysis knowledge, emails and library sources. UM later agreed to pay the hacker’s demand of €200,000 in BTC, which is at present valued at roughly €500,000.

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