US TREASURY WARNS CYBER INSURERS NOT TO PAY UNKNOWN RANSOMWARE VICTIMS

Highlights

• According to the advisories issued by two offices of the United States Department of the Treasury on ransomware payments, these kind of payouts are a threat to the national security

• As per the advisory, it should also be noted that even though Bitcoin (BTC) is one of the preferred currency of cybercriminals, they are likely to use privacy coins

• Any financial service provider who cho....