Financial firms flagged nearly $600 million in suspected ransomware payments this year, on pace to nearly double last year’s and highlighting the scale of a problem that governments across the world have described as a critical national security threat
WASHINGTON—The volume of suspected ransomware payments flagged by U.S.
banks has surged this year, on pace to nearly double last year’s, the Treasury Department said Friday, highlighting the scale of a problem thatNearly $600 million in transactions were linked to possible ransomware payments in so-called Suspicious Activity Reports financial services firms filed to the U.S. government in the first six months of this year, according to a Treasury Department report. That is more than 40% more than the total for all of 2020.
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