JBS paid $11 million to the REvil ransomware gang to decrypt its systems

By John Leonard for Computing
Thursday, June 10, 2021

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Last week it was reported that the US government is centralising its response to ransomware, treating it in the same way and with the same priority as terrorist threats.

Commenting on the US's promised response, Ilia Kolochenko, founder of ImmuniWeb and a member of Europol Data Protection Experts said: "The newly announced DoJ and FBI strategy to suppress ransomware gangs will likely bear fruit soon, but will require coherent implementation and strong interagency collaboration. Given that ransom is commonly paid in bitcoins, regulators will likely consider regulating or even banning this cryptocurrency in the near future." Read Full Article