CrowdStrike co-founder says rise in ransomware attacks can be addressed without banning crypto

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Banning cryptocurrency is not the solution to ransomware attacks, CrowdStrike co-founder and former CTO Dmitri Alperovitch told CNBC on Tuesday.

In addition to happening more frequently, the attacks have become more sophisticated, CrowdStrike CEO George Kurtz"It's become big game hunting as opposed to just traditional ransomware," said Kurtz, who, alongside Alperovitch and former Chief Financial Officer Gregg Marston, founded CrowdStrike in 2011. The company provides cloud-based services including endpoint security, threat intelligence and cyberattack response.

"I think international regulators are taking a hard look at cryptocurrencies and how they've kind of skated under the radar for quite some time in terms of transparency," Krebs said onBut in the immediate term, given the uptick in threats, Krebs said businesses must prepare their contingency plans in case they fall victim to a cyberattack.

"It's really a matter of: Am I going to be in business tomorrow? Am I going to be able to deliver for my clients? Am I going to be able to deliver for my shareholders?" Krebs said. "I think these issues will continue until we can take the players off the playing field."

Source: Digital Coin News (digitalcoinnews.net)

 

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