The US Treasury Department this week said US financial institutions facilitated ransomware payments totaling nearly $1.2 billion in 2021—a 200 percent increase since 2020. The report landed amid an international White House summit aiming to combat the rise of ransomware, a type of malware that allows attackers to encrypt a target’s files and hold them for ransom until the victim pays. Himamauli Das, acting director of the Treasury Department’s Financial Crimes Enforcement Network, said in a statement that “ransomware—including attacks perpetrated by Russian-linked actors—remain a serious threat to our national and economic security. While $1.2 billion in payments is already painful enough, the number does not take into account the costs and other financial consequences that come with a ransomware attack outside of the payment itself.
https://www.wired.com/story/tiktok-eu-privacy-policy-security-roundup/