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US Officials Unveil Latest Projects Against Ransomware, Illicit Cryptocurrency

By Valentina Pasquali

The Justice Department's second-highest ranking official announced several initiatives Thursday to bolster federal efforts to investigate, disrupt and prosecute cybercriminals who orchestrate and conduct ransomware attacks, or otherwise exploit cryptocurrencies to raise and move funds. U.S. Deputy Attorney General Lisa Monaco said the department is in the process of establishing an "international virtual currency initiative" to boost cooperation with government agencies overseas, especially in Europe, and thus advance cryptocurrency-related investigations and tighten anti-money laundering standards for the industry that vary between jurisdictions. "This initiative will allow for more ... eyes from multiple law enforcement agencies around the world to track...

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