How Biden Administration Can Crack Down On Ransomware

Law360 (January 12, 2021, 1:13 PM EST) -- Bitcoin has found its killer app in ransomware, a type of malicious software designed to block access to a computer system or computer files until an extortion demand is paid.

Ransomware attacks are the other plague of 2020, except with ransomware, there will never be a vaccine. No matter how sophisticated and vigilant, no company can ever enjoy immunity from a cyberattack. Cybersecurity remains an oxymoron.

But the situation is not as hopeless as it seems. Crucial to any successful ransomware scheme is collecting the ransom in pseudo-anonymous cryptocurrency, typically bitcoin. Disrupt the flow of bitcoin and ransomware attackers will have...

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