Want to weed out ransomware? Regulate crypto exchanges -Breaking
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Ransomware activity increased by 1,070% between June 2020 and July 2021. As perA recent Fortinet With other researchers, the report (NASDAQ-:) ConfirmThe proliferation of this type of extortion. Mimicking the prevalent business model of the legitimate tech world, ransomware-as-a-service portals PoppedIn the darker web corners, the shadow economy is being institutionalized and the skill ceiling for wannabe-criminals is being lowered. It should become the new trend RingingThis is a red flag in the crypto community, especially since ransomware hackers have an affinity for crypto payments.
The industry, once wild and free-spirited, is slowly but surely becoming more organized. It is slowly but surely creeping into mainstream. Some of the biggest centralized exchanges, or CEXs, are now hiring financial crime investigators to supervise their fight against money laundering.
Lior LameshGK8 was founded by Lior, who is also the CEO. GK8 offers a fully managed end-to–end custodial system with cold vault capabilities and hot MPC for financial institutions. Having honed his cyber skills in Israel’s elite cyber team reporting directly to the Prime Minister’s office, Lior oversees the development of GK8’s on-premises hardware and software.
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