Inside Cybersecurity

July 27, 2021

Daily News

Sen. Peters opens investigation on cryptocurrency role in ransomware attacks

By Sara Friedman / July 20, 2021

Senate Homeland Security Chairman Gary Peters (D-MI) is launching a “bipartisan” investigation into how cryptocurrency is used for “emboldening and incentivizing cybercriminals” who conduct ransomware attacks.

“My investigation will help us better understand how cryptocurrency can embolden cybercriminals, and identify possible policy changes that would help disrupt the incentive cryptocurrencies provide for criminal organizations and foreign adversaries to target critical public and private sector systems,” Peters said today.

“Peters’ bipartisan investigation will examine the rise in ransomware attacks, how cryptocurrency...

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