As the Senate Homeland Security Committee considers new cyber rules and regulations for U.S. critical infrastructure, lawmakers heard testimony from CISA's Jen Easterly and National Cyber Director Chris Inglis on Thursday in support of these measures, which include updates to FISMA.
The U.S. Federal Reserve said Wednesday it is continuing to evaluate the creation of a central bank digital currency, or CBDC, and that it intends to publish research on the subject shortly, according to Chair Jerome Powell.
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U.S. FBI and Department of Homeland Security leaders fielded several cybersecurity questions from House lawmakers Wednesday, particularly around the surge in ransomware attacks, diplomatic efforts to curb ransomware's financial model, and the nation-states that harbor cybercriminals.
The U.S. Department of the Treasury has blacklisted Russia-based cryptocurrency exchange Suex for allegedly laundering tens of millions of dollars for ransomware operators, scammers and darknet markets. It is the first such designation for a virtual currency exchange.
FBI Director Christopher Wray faced questions during a Senate hearing Tuesday concerning a published report that the bureau for almost three weeks withheld a decryption key that agents obtained from the ransomware gang that targeted software firm Kaseya.
The Biden administration may soon unveil plans to curtail the ransomware attacks that have crippled corporate networks this year. According to a report from The Wall Street Journal, the Treasury Department will announce sanctions and similar guidance designed to disrupt the ransomware model.
Amid growing calls for cryptocurrency regulations, the U.S. acting comptroller of the currency has made a definitive statement on safeguarding investors and how cryptocurrency should intersect with traditional financial institutions.
New York officials won a court order shuttering cryptocurrency trading platform Coinseed, after it allegedly defrauded thousands of investors out of millions of dollars, according to State Attorney General Letitia James. The court also awarded a $3 million judgment against Coinseed and its CEO.
A pair of House committees this week said they want to spend additional millions on cybersecurity by injecting funds into CISA and the FTC, as part of the debate over the Biden administration's $3.5 trillion budget proposal for 2022. Part of the money would help fulfill Biden's executive order.
Senior U.S. officials say that there have been no signs that Moscow has begun to crack down on ransomware-wielding criminals operating from inside Russia's borders. President Biden has called on Russia to act responsibly, and U.S. intelligence has been sharing information on top suspects.
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U.S. SEC Chair Gary Gensler testified before the Senate on Tuesday and again called for comprehensive cryptocurrency regulations, citing a need to reduce cybersecurity risks, other market risks, and criminal efforts to defraud investors, while simultaneously advancing the space.
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