A new report from Senate Homeland Security Chairman Gary Peters (D-Mich.) found that the federal government lacks sufficient data on the use of cryptocurrency in ransom payments. The report, released on Tuesday, stems from a year-long investigation into the rise of ransomware attacks and how cryptocurrencies facilitate cybercrimes. “My report shows that the federal government lacks the necessary information to deter and prevent these attacks, and to hold foreign adversaries and cybercriminals accountable for perpetrating them,” Peters said in a statement. Citing experts, Peters said that ransomware attacks in 2020 increased to 150 percent from the previous year, and more than $4
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