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Complete Story
11/02/2022
U.S. banks processed roughly $1.2 billion in ransomware payments in 2021, according to federal report
CNBC
U.S. banks and financial institutions processed roughly $1.2 billion in likely ransomware payments in 2021, a new record and almost triple the amount of the previous year, according to a federal financial crimes watchdog.
The total represents payments bank clients have made to possible cybercriminals. U.S. banks report the suspicious transactions to federal authorities under the Bank Secrecy Act.
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