Cybersecurity

Lessons From FBI’s Recovery Of Colonial Pipeline’s DarkSide Bitcoins For Ransomware Attacks

Security awareness, knowledge, and skills can remove fear and empower us in effectively dealing with this situation.

Dr Mehmet Yildiz (Main)
Technology Hits
Published in
6 min readJun 17, 2021

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Photo by cottonbro from Pexels

The U.S Department of Justice seized $2.3 million in cryptocurrency paid to the ransomware extortionists Darkside. The Honorable Laurel Beeler, U.S. Magistrate Judge for the Northern District of California, authorized the seizure warrant.

Ransomware has become a massive problem for governments, businesses, and individuals globally. As a result, cybersecurity Costs Are On The Rise. Many business organizations struggle to deal with the complexity of cybersecurity and prohibitive costs to their budget.

Statista website highlights that according to an annual report on global cybersecurity, there were a total of 304 million ransomware attacks worldwide in 2020. This was a 62 per cent increase from a year prior and the second-highest figure since 2014, with the highest on the record being 638 million attacks in 2016.

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Dr Mehmet Yildiz (Main)
Technology Hits

Scientist, Technologist, Inventor, focusing on HEALTH and JOY. Founder of ILLUMINATION, curating key messages for society. Connection: https://digitalmehmet.com