U.S. Plans to Counter Ransomware Attacks Through Crypto Tracing

The Biden administration intends to crack down on the use of cryptocurrencies in ransomware attacks through more rigorous tracing of proceeds paid to hackers behind the disabling of companies, organizations and government agencies around the world, according to people familiar with the matter.

In a virtual briefing with members of Congress on Wednesday, Deputy National Security Adviser Anne Neuberger said that the White House had created a ransomware task force and that the administration’s strategy involved efforts to disrupt ransomware operations, confront the use of cryptocurrencies in attacks and work with allies to encourage other nations not to harbor attackers, ...