U.S. Offers $10 Million Rewards In Effort To Stop Ransomware Attacks

The United States is offering $10 million rewards for information leading to the identification of cybercriminals after a series of ransomware attacks by hackers believed to be located in Russia.
The U.S. State Department said in a statement on July 15 that it would pay $10 million to anyone who can identify or locate a person who attacks U.S. critical infrastructure online "while acting at the direction or under the control of a foreign government."
The rewards are part of an existing State Department program called Rewards for Justice . It will offer a dark web channel to help protect the safety of any tipsters. Possible relocation and reward payments by cryptocurrency may be available to eligible sources, it added.
U.S. officials have said that many of the recent ransomware attacks originate in Russia, but a link between the cybercriminals and the Russian government has not been established. Russia denies responsibility. President Joe Biden raised cybersecurity last month in his summit with Russian President Vladimir Putin, and last week in a phone call urged Putin to "take action" against ransomware groups operating in Russia. Biden told Putin that the United States will take "any necessary action" to defend Americans and critical infrastructure threatened by cyberattacks, the White House said. The U.S. on July 15 also unveiled a website that offers guidelines to businesses, groups, and individuals on how to protect themselves and how to respond to attacks. In another move, the Treasury Department's Financial Crimes Enforcement Network said it would work on more rapid tracing of ransomware proceeds, which are paid in virtual currency. The moves are an attempt to "bring all our tools to bear” against cyberattacks, Attorney General Merrick Garland said.

The most recent attack exploited a software product of U.S. company Kaseya and affected an estimated 1,500 businesses around the world. Other prominent ransomware attacks this year disrupted a major U.S. fuel pipeline and a Brazilian meat processor.
Some $350 million was paid to malicious cyberactors last year, a spike of 300 percent from 2019, according to the Department of Homeland Security.

With reporting by AP, AFP, and Reuters

Radio Free Europe

RFE/RL journalists report the news in 22 countries where a free press is banned by the government or not fully established, including Iran, Afghanistan, Pakistan, and Russia.

https://www.rferl.org/

Related news
Date Set For Trial Of Belarusian Opposition Figures.

Date Set For Trial Of Belarusian Opposition Figures.

Lawyers for the two, who are members of the opposition Coordination Council, said they were informed by the Minsk regional court on July 28 that their clients' trial will be held behind closed doors on August 4.

Radio Free Europe

Rockslide Destroys Bridge in Northern India

Rockslide Destroys Bridge in Northern India

Large boulders were seen hurtling down a mountain and smashing through a bridge in northern India, Sunday, July 25. The avalanche killed nine people and seriously injured three more after their vehicle was hit by falling rocks. The rockslide was o...

Trump doubles down on false election claims in Arizona.

Trump doubles down on false election claims in Arizona.

Former President Trump doubled down on his baseless claims surrounding the 2020 election during a rally in Arizona over the weekend. His remarks came on the heels of an Associated Press investigation that identified fewer than 200 cases of potenti...

Live: Biden holds bilateral meeting with Iraqi Prime Minister.

Live: Biden holds bilateral meeting with Iraqi Prime Minister.

President Biden participates in a bilateral meeting with His Excellency Mustafa Al-Kadhimi, Prime Minister of the Republic of Iraq #FoxNews Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a ...

Can education better prepare us for climate change?.

Can education better prepare us for climate change?.

On the Daily Climate Show, scientists are finalising a landmark report on the latest climate data and do we need better education on climate change impacts? Plus, find out how one city in Canada is using parkland and trees to adapt to extreme weat...

Tokyo Olympics: Daley 'speechless' after winning gold, says former teammate.

Tokyo Olympics: Daley 'speechless' after winning gold, says former teammate.

Tonia Couch says her friend and former teammate Tom Daley was "speechless" after claiming gold at the Tokyo Olympics. Tom Daley claimed Olympic gold at his fourth attempt, teaming up with Matty Lee to win the men's 10m synchronised platform diving...

'Outnumbered' reacts to Harris' dipping poll numbers: 'She's not up to the task'.

'Outnumbered' reacts to Harris' dipping poll numbers: 'She's not up to the task'.

The 'Outnumbered' panel breaks down what the vice president's dipping favorability numbers in her first six months in office could mean for her presidential aspirations. #FoxNews Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Cha...