Government, Industry Enforces Cryptocurrency Regulation for Better Tracking of Ransomware Cases

Photo caption: Ransomware cases online. Photo credit: Pexels / Soumil Kumar. Article by Sophie Webster. This article is owned by Tech Times – April 29, 2021.

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. […]

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