WSJ News Exclusive | U.S. to Target Crypto Ransomware Payments With Sanctions

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WSJ News Exclusive | U.S. to Target Crypto Ransomware Payments With Sanctions
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The U.S. is preparing sanctions to make it harder for hackers to use cryptocurrency to profit from ransomware attacks, people familiar with the matter say

Biden administration hopes to disrupt digital finance infrastructure that facilitates ransomware cyber attacks, a national security threat traced to Russia

Ransomware attacks are increasing in frequency, victim losses are skyrocketing, and hackers are shifting their targets. WSJ’s Dustin Volz explains why these attacks are on the rise and what the U.S. can do to fight them. Photo illustration: Laura Kammermann

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