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Browse: Home / 2021 / July / 09 / How a ransomware attack works – The Washington Post

How a ransomware attack works – The Washington Post

By Securities Docket on July 9, 2021, 9:13 am

“Cryptocurrency is invading all forms of criminal activities, and criminals follow the money,” said Gurvais Grigg, a former assistant director of the FBI and now global public sector chief technology officer of blockchain analysis firm Chainalysis.

The transactions are also irreversible, said Rich Sanders, co-founder and lead investigator at CipherBlade, which analyzes the blockchain. “You can’t go to complain to bitcoin and ask for a charge back.”

Some of the JBS funds were sent through digital “mixers,” which operate as a digital form of money laundering. Mixers use software to commingle and swap one bitcoin for another, all with the purpose of breaking the chain so the history of a single coin is more difficult to trace.

Source: How a ransomware attack works – The Washington Post

Posted in Data Breach, Industry, Top | Tagged Ransomware

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