Cryptocurrency
Biden Accuses Chinese State Actors of Ransomware, Cryptojacking Attacks
Biden Accuses Chinese State Actors of Ransomware, Cryptojacking Attacks “Hackers with a history of working for the PRC Ministry of State Security (MSS) have engaged in ransomware attacks, cyber enabled extortion, crypto-jacking, and rank theft from victims around the world, all for financial gain,” a White House press release said. As reported by CoinDesk, “The […]
Biden Accuses Chinese State Actors of Ransomware, Cryptojacking Attacks
“Hackers with a history of working for the PRC Ministry of State Security (MSS) have engaged in ransomware attacks, cyber enabled extortion, crypto-jacking, and rank theft from victims around the world, all for financial gain,” a White House press release said.
As reported by CoinDesk, “The U.S. president is accusing the Chinese government of supporting cyberattacks, including ransomware, cryptojacking, digital extortion and theft.
The allegations were announced Monday as part of a broader statement claiming China’s Ministry of State Security (MSS) also had a hand in a massive Microsoft Exchange email hack earlier this year that compromised some 30,000 organizations using the service.
The federal government is also charging four individuals it claims work for the MSS with espionage and computer damage crimes.
“Hackers with a history of working for the PRC Ministry of State Security (MSS) have engaged in ransomware attacks, cyber enabled extortion, crypto-jacking, and rank theft from victims around the world, all for financial gain,” a White House press release said.
Cyberattacks have been on the rise, with ransomware attacks in particular making headlines this year after impacting critical infrastructure. The U.S. government has already announced a new initiative to tackle these sorts of digital crimes, including finding ways of preventing or tracking crypto payments during these attacks.
It also reportedly plans to launch a ransomware task force.