Sept 17 (Reuters) – The Biden administration is getting ready to take actions, together with sanctions, to make it harder for hackers utilizing digital forex to revenue from ransomware assaults, the Wall Road Journal reported on Friday.
The U.S. Treasury division plans to impose sanctions as quickly as subsequent week, the report mentioned, citing folks acquainted with the matter.
The division may also problem a brand new steerage on the dangers related to facilitating such ransomware funds, WSJ reported, together with fines and different penalties.
New anti-money laundering guidelines and terror finance guidelines, that are anticipated to return later this 12 months, will intention to restrict the usage of cryptocurrency for funds in ransomware assaults and different illicit actions, the report added.
Reporting by Sohini Podder in Bengaluru; Enhancing by Shinjini Ganguli
Our Requirements: The Thomson Reuters Trust Principles.