The FBI's seizing one bitcoin wallet won't stop ransomware — but it's a start

Analysis: While recovering ransom marked a new front for the U.S., it also hints at the relatively limited options to deter hackers.

to a crawl. The ransomware epidemic caused $75 billion in damages in 2020 alone, according to Emsisoft.2,474 ransomware victimsBut the agency faces tough issues with jurisdiction. If the hackers were based in the U.S., it could arrest them directly. If they were in a country with a law enforcement agreement with the U.S., the FBI could partner with colleagues in that country to arrange an arrest.

"Why is this only happening now?" Reiner said."I think we can rest assured that the folks on the criminal side are definitely checking their systems and looking at each other, wondering what happened. It puts a stutter in their step." "I don't want to give up our tradecraft in case we want to use this again for future endeavors," he said.

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