Colonial Ransom

BBC reports on the new FBI strategy to combat cybercrime.

FBI instructed the US largest pipeline, Colonial, to pay $4.4 million hacker ransom in Bitcoin. The aim was to track the culprits. So far, $2.3 million of the payment is recovered.

In 2020, $350 million reported crypto ransom was paid (note: this is ONLY the REPORTED PAID ransom IN Bitcoin for ONE country in ONE year).

A rise of 311% in ONE year!

2021 is expected to be worse.

How much more devastation has to happen to enterprises, the economy and society before the focus changes to fix the underlying problem?

Demand a better future with Sustainable Circular Technology,

Sally M Solaymantash