While no security officer would rely on this alone, it’s good to know the U.S. Department of Justice is increasing efforts to fight cyber crime. According to a recent address in Munich by Deputy Attorney General Lisa Monaco, new efforts will focus on ransomware and cryptocurrency incidents. This makes sense since the X-Force Threat Intelligence Index 2022 named ransomware as the top attack type in 2021.
What exactly is the DOJ doing to improve policing of cryptocurrency and other cyber crimes? What kinds of cyber crime cases have they solved already? And how might this impact a company’s security strategy?
National Cryptocurrency Enforcement Team Appoints Director
Monaco’s announcement included the naming of Assistant U.S. Attorney Eun Young Choi as the first Director of the National Cryptocurrency Enforcement Team (NCET).
“With the rapid innovation of digital assets and distributed ledger technologies, we have seen a rise in their illicit use by criminals who exploit them to fuel cyberattacks and ransomware and extortion schemes,” said Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division. “The NCET will serve as the focal point for the department’s efforts to tackle the growth of crime involving these technologies. Eun Young is an accomplished leader on cyber and cryptocurrency issues, and I am pleased that she will continue her service as the NCET’s inaugural Director, spearheading the department’s efforts in this area.”
New NCET Director’s Track Record
According to the Justic ..
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