The post Inside HSI’s Cyber Defense: $2B in Crypto Seized, 500+ Ransomware Attacks Prevented appeared first on Coinpedia Fintech News
HSI, a branch of the U.S. Department of Homeland Security, prevented more than 500 ransomware attacks and froze over $2 billion in cryptocurrency since 2021 according to the latest report by Bloomberg.
This particular element of HSI’s broader cyberspace criminal investigation is aimed at identifying possible ransomware threats before they turn malicious. Global Target, also known as HSI’s Cyber Crimes Center has a proactive approach by studying internet traffic, looking into software weaknesses, and acting prior to hackers, says Mike Prado, the Deputy Assistant Director.
Ransomware Plot Disruptions and Seized Cryptocurrency
During the period from October 2023 to September 2024, HSI effectively stopped 150 ransomware attempts; the total number of stopped attempts amounted to 537 since the beginning of the operation. This proactive con
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