US to Pay in Cryptocurrency for Info on Cyber Criminals


The US authorities has introduced a reward of as much as $10 million (roughly Rs. 74.6 crores) for data that ends in the arrest of individuals behind ransomware assaults on crucial American infrastructure. The reward will probably be given beneath the State Division’s Rewards for Justice (RFJ) programme. Nevertheless, it’s for the primary time {that a} federal US company has added cryptocurrency as a payout possibility. The division additionally mentioned that the programme has arrange a Darkish Net (Tor-based) channel for reporting tricks to defend the protection and safety of potential sources.

The transfer has come at a time when the US is going through rising ransomware assaults. In Could, a hacker group crippled the nation’s greatest gasoline pipeline between Houston and New Jersey. The FBI blamed DarkSide, which some declare could also be based mostly in Russia or Japanese Europe, for the assault.

The State Division mentioned that the reward is for data on cyber criminals “appearing on the route or beneath the management of a overseas authorities” to deliberately trigger injury to a protected laptop. “Protected computer systems embody not solely US authorities and monetary establishment laptop programs, but in addition these utilized in or affecting interstate or overseas commerce or communication,” it added in a assertion.

The division added that the programme can also be working with inter-agency companions to allow the “attainable relocation of and fee of rewards to sources. Reward funds could embody funds in cryptocurrency.”

The detailed details about the reward provide could be accessed right here.

Ransomware is malware designed to lock computer systems by encrypting information. The folks behind these assaults demand fee to let establishments of people regain entry to their computer systems. The ransom demand could differ relying on the scale of the system being held hostage and the group behind the assault, cyber specialists say. Nevertheless, hackers have made tens of millions in recent times attacking producers, hospitals, colleges and even native colleges.

The RFJ programme is being run by way of the Diplomatic Safety Service.

In current months, US President Joe Biden has raised ransomware assaults forcefully with Russian President Vladimir Putin, and the White Home has stepped up efforts to curb the malicious exercise.


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Tags: cryptocurrency, Cyber Crime, ransomware attack, us usd 10 million reward cryptocurrency payment tip catch cyber criminals ransomware attacks us

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