Department of Justice’s New Cryptocurrency Enforcement Team | Sync Up With Rocket IT

Each day, over 4,000 ransomware attacks successfully hit businesses across the United States. And because many organizations pay the massive fees to regain control, ransomware alone has generated $20 billion in revenue for the hacking industry. But just as cybercriminals appear to have the upper hand, the US Department of Justice recently announced a new team to investigate cryptocurrency-related crimes.

Sync Up With This Week’s Technology News

In this episode, you’ll hear about:

• The goal of the National Cryptocurrency Enforcement Team (NCET)
• Why cryptocurrency services, like Bitcoin, are used by hackers
• How the Department of Justice will select members to join NCET
• Why the DOJ is making the push to crack down on ransomware
• What the formation of NCET means for ongoing ransomware cases
• The selection process for NCET’s leader
• The importance of technology audits