US financial institutions reported more than $1 billion in potential ransomware-related payments in 2021 — more than double the amount from the previous year and the most ever reported, according to Treasury Department data shared exclusively with CNN.
The five hacking tools that accounted for the most payments during the last half of 2021 are all connected to Russian hackers, according to the report from Treasury’s Financial Crimes Enforcement Network (FinCEN).
The report illuminates a pressing national security challenge that the Biden administration has tried to bring to heel ever since a May 2021 ransomware attack forced a major US pipeline operator to shut down
This story was originally published on CNN.com. To read the rest of this news worthy story, please visit https://www.cnn.com/2022/11/01/politics/us-banks-ransomware-payments-2021/index.html.
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