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Wally Adeyemo testifies on Feb. 23, 2021, before the Senate Finance Committee during his confirmation hearing to be Deputy Secretary of the Treasury in Washington. The Biden administration took aim Tuesday, Sept. 21, at the financial marketplace for criminal ransomware gangs, announcing sanctions against a Russia-based virtual currency brokerage that officials say has processed illicit transactions for attackers. The goal is to go after the “financial enablers” of ransomware gangs, Adeyemo said. (Jim Lo Scalzo/Pool via AP, File)
Wally Adeyemo testifies on Feb. 23, 2021, before the Senate Finance Committee during his confirmation hearing to be Deputy Secretary of the Treasury in Washington. The Biden administration took aim Tuesday, Sept. 21, at the financial marketplace for criminal ransomware gangs, announcing sanctions against a Russia-based virtual currency brokerage that officials say has processed illicit transactions for attackers. The goal is to go after the “financial enablers” of ransomware gangs, Adeyemo said. (Jim Lo Scalzo/Pool via AP, File)

Biden administration targets ransomware payment ‘enablers’ with sanctions (access required)

The Biden administration announced sanctions against a virtual currency brokerage that officials say has processed illicit transactions for cyberattackers.