US Treasury warns crypto firms not to reimburse unknown ransomware victims

Two offices of the United States Department of the Treasury have issued advisories on ransomware payouts, which they say pose a threat to national security. The Financial Crimes Enforcement Network, or FinCEN, reminded cryptocurrency processing companies of their duty to file suspicious activity reports when they have a reason to suspect that their services are being engaged for such payouts to sanctioned individuals:

The announcements also note that while (BTC) remains the favorite currency of cybercriminals, there is a trend toward greater use of privacy coins. Apparently, some criminals have even offered a discount to those who chose the latter.

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