{"id":8428,"date":"2022-02-21T01:41:22","date_gmt":"2022-02-21T01:41:22","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/want-to-weed-out-ransomware-regulate-crypto-exchanges\/"},"modified":"2022-02-21T01:41:24","modified_gmt":"2022-02-21T01:41:24","slug":"want-to-weed-out-ransomware-regulate-crypto-exchanges","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/want-to-weed-out-ransomware-regulate-crypto-exchanges\/","title":{"rendered":"Want to weed out ransomware? Regulate crypto exchanges"},"content":{"rendered":"
Just between July 2020 and June 2021, ransomware activity soared by a whopping 1,070%, according to a recent Fortinet report, with other researchers confirming the proliferation of this mode of extortion. Mimicking the prevalent business model of the legitimate tech world, ransomware-as-a-service portals popped up in the darker corners of the web, institutionalizing the shadow industry and slashing the skill ceiling for wannabe-criminals. The trend should be ringing a warning bell through the crypto ecosystem, particularly since ransomware attackers do have a knack for payments in crypto.\u00a0<\/p>\n