Security News > 2021 > May > Toyota rear-ended by twin cyber attacks that left ransomware-shaped dents
2021-05-21 05:05
American businesses that receive payments in cryptocurrencies worth $10,000 or more will have to report those transactions to the Internal Revenue Service, the United States' Treasury mentioned on Thursday.
This simply puts crypto-coins on the same footing as cash: the IRS says "Federal law requires a person to report cash transactions of more than $10,000," we note.
The Treasury's announcement about Bitcoin et al just says "Businesses" in its fairly vaguely worded, one-sentence announcement, though we imagine that'll be expanded at some point to person when this is all formalized.
News URL
https://go.theregister.com/feed/www.theregister.com/2021/05/21/toyota_cyber_attacks/
Related news
- Keytronic reports losses of over $17 million after ransomware attack (source)
- UK health services call-handling vendor faces $7.7M fine over 2022 ransomware attack (source)
- McLaren hospitals disruption linked to INC ransomware attack (source)
- Six ransomware gangs behind over 50% of 2024 attacks (source)
- CISA warns of Jenkins RCE bug exploited in ransomware attacks (source)
- CISA Warns of Critical Jenkins Vulnerability Exploited in Ransomware Attacks (source)
- Most Ransomware Attacks Occur When Security Staff Are Asleep, Study Finds (source)
- Most ransomware attacks occur between 1 a.m. and 5 a.m. (source)
- New Qilin Ransomware Attack Uses VPN Credentials, Steals Chrome Data (source)
- Lateral movement: Clearest sign of unfolding ransomware attack (source)