Preventing ransomware attacks by targeting bitcoin and …

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David A. Kris CSIS ransomware bitcoin nationa securityDavid S. Kris vocalization during a CSIS row eventuality in Sep 2016.CSIS

Many crimes can be solved by following a money, and that might reason loyal for a expansion of ransomware attacks — yet a income itself might be different.

Countering a augmenting use of ransomware — malware that attacks computers and networks and encrypts files, that criminals afterwards direct remuneration in sequence to decrypt — might need movement opposite hard-to-trace cryptocurrencies like bitcoin that are mostly used to compensate a criminals behind a attacks, according to David S. Kris, former partner profession ubiquitous during a US Department of Justice’s national-security division.

“I consider a approach to conflict this — and we consider a approach you’re substantially going to see some authorised change over a subsequent few years — is on a other end, with honour to a payments,” Kris pronounced during a question-and-answer event of a Center for Strategic and International Studies panel event.

“And as we know it — again, but carrying complicated it too extensively — is that, we know, fintech is what is enabling this, cryptocurrency,”

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