Cryptocurrency owners say they want more government oversight of the market to combat ransomware, Harris survey shows
- Following ransomware attacks, a majority of cryptocurrency owners in America want the government to step up regulations to combat
- Hackers were paid millions of dollars worth of bitcoin in attacks against
Colonial Pipelineand JBS.
- Two thirds of Americans favor more government intervention to combat attacks that use malicious software.
A majority of American cryptocurrency owners surveyed said they are in favor of the government increasing oversight of the $1.6 trillion crypto market to fight against ransomware after hackers used it to bilk bitcoin worth millions of dollars from Colonial Pipeline and JBS, the world's largest meat processor.57% of crypto owners support additional US regulation of cryptocurrency to combat the rise in the use of ransomware, according to results released Wednesday of a survey conducted by The Harris Poll, a market research and analytics company.
JBS, whose products include Pilgrim's chicken and Swift pork and beef, said Wednesday it paid $11 million to hackers whose May 31 attack forced JBS to halt some production. The payment was made in bitcoin, according to The Wall Street Journal.Overall, 66% of Americans, including the crypto owners, favor additional regulation. The Harris survey showed 79% of so-called boomers who are at least 57 years old, and 56% of millennials, said they are in favor more oversight.
Meanwhile, 82% agree the government should be involved in helping to resolve ransomware attacks even when the target is private companies and not government agencies.In the case of Colonial Pipeline, the
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