The US Treasury Department is set to announce sanctions and similar guidance designed to disrupt the financial infrastructure that has enabled ransomware attacks. The agency is considering levying fines and other penalties on businesses that cooperate with hackers – including exchanges and mixer services that may allow cybercriminals to launder illicit funds.
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Attackers use the approach to look like legitimate traffic and hide data exfiltration…
Over recent months IBM has urged the government to consider the use of blockchain as a way of saving time, money and averting risk. IBM has stated that this technology needs to be seen as more than just the foundation for cryptocurrencies. IBM is amongst the growing number of companies offering Blockchain-as-a-Service (BaaS); a service that allows enterprises to pilot the technology without having to undergo huge capital expenditure in hardware and onsite development.
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