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The United States government and industry officials confronting an epidemic of ransomware attacks are zeroing in on cryptocurrency regulation as the key to combating the scourge, sources familiar with the work of a public-private task force tells the Reuters news agency. In a ransomware attack, hackers freeze the computers of a target and demand a payoff. In a report on Thursday, the panel of experts is expected to call for a far more aggressive tracking of Bitcoin and other cryptocurrencies. While those have won greater acceptance among investors over the past year, they remain the lifeblood...

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Take aim at 'lifeblood' of operators. US government and industry officials confronting an epidemic of ransomware, where hackers freeze the computers of a target and demand a payoff, are zeroing in on cryptocurrency regulation as the key to combating the scourge, sources familiar with the work of a public-private task force said. In a report on Thursday, the panel of experts is expected to call for far more aggressive tracking of bitcoin and other cryptocurrencies. While those have won greater acceptance among investors over the past year, they remain the lifeblood of ransomware operators and ...

(Photo : Pexels/Soumil Kumar) Ransomware cases online The government and industry officials are currently being faced with surging cases of ransomware, a type of cyber crime wherein attackers would enrcypt the target's network and demand for financial ransom for the decryption key. Both the industry and government officials are planning to pass a stricter cryptocurrency regulation as they see it as the key to combat the ransomware issue. Cryptocurrency Regulation for Ransomware Cases In a report by NBC News, the panel of experts is expected to call for more aggressive tracking of cryptocurren...

4 minute read A hooded man holds a laptop computer as blue screen with an exclamation mark is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration Government and industry officials confronting an epidemic of ransomware, where hackers freeze the computers of a target and demand a payoff, are zeroing in on cryptocurrency regulation as the key to combating the scourge, sources familiar with the work of a public-private task force said. In a report on Thursday, the panel of experts is expected to call for far more aggressive tracking of bitcoin ...