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State Department Offering Cryptocurrency as Bounty for Hackers

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The State Division introduced Thursday it would pay as much as $10 million for any data resulting in state-backed hackers, and it’s keen to pay the bounty in cryptocurrency.

The division stated funds could be made beneath its 37-year-old counterterrorism program, Rewards for Justice, and that informants might start the method through the use of a safe channel on the Darkish Net.

“Commensurate with the seriousness with which we view these cyber threats, the Rewards for Justice program has arrange a Darkish Net (Tor-based) tips-reporting channel to guard the security and safety of potential sources,” the division said in its announcement. “The RFJ program is also working with interagency companions to allow … the doable relocation of and cost of rewards to sources. Reward funds might embrace funds in cryptocurrency.”

The announcement comes after an uptick in high-profile cyberattacks from Russia, many linked to the nation’s authorities. The Republican Nationwide Committee was reportedly focused in June by Cozy Bear, one of many similar hacking teams tied to Russian intelligence providers answerable for concentrating on the Democratic Social gathering in 2016. The assault occurred across the time one other Russian group, REvil, brief for “Ransomware Evil,” focused JBS, an American beef producer.

REvil’s on-line presence mysteriously vanished on July 13 — simply after President Joe Biden stated the USA would remove it if Russia failed to take action. The administration is predicted to announce extra measures to fight ransomware assaults within the weeks forward after Secretary of State Antony Blinken stated Tuesday the U.S. was “elevating” the difficulty in “engagements with Russia.”

“Nations that harbor cybercriminals have a accountability to take motion,” Blinken added. “In the event that they don’t, we’ll.”

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State Department Offering Up to $10 Million in Cryptocurrency as Bounty for Foreign Hackers

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