Washington: Financial Institutions reported to US $ 590 million in payments related to Ransomware in the first half of 2021, setting the speed to defeat the previous decade combined as booming cyber separation, a report revealed Friday.
According to the US Department of Finance report, this figure is 42 percent higher than the number reported for all 2020, which comes as an expensive and weakening attack has soared.
“If the current trend continues, (the report) submitted in 2021 is projected to have a higher ransomware transaction value than (report) submitted in the previous 10 years,” Treasury said.
Attacks involve entering the entity network to encrypt the data, then demand a ransom, usually paid through cryptocurrency with digital key rewards to open it.
Washington has tried to take action to increase sharply in attacks, including releasing its first sanctions on online exchanges where prohibited operators are suspected of swapping Cryptocurrency for cash.
The recent attack on the main US oil pipeline, a meat maker and the Microsoft Exchange email system attracted attention to US infrastructure vulnerabilities to digital pirates.