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
- Microsoft Identifies Storm-0501 as Major Threat in Hybrid Cloud Ransomware Attacks (source)
- Embargo ransomware escalates attacks to cloud environments (source)
- JPCERT shares Windows Event Log tips to detect ransomware attacks (source)
- Ransomware attack forces UMC Health System to divert some patients (source)
- Underground ransomware claims attack on Casio, leaks stolen data (source)
- Casio confirms customer data stolen in a ransomware attack (source)
- Schools bombarded by nation-state attacks, ransomware gangs, and everyone in between (source)
- BianLian ransomware claims attack on Boston Children's Health Physicians (source)
- Microsoft: Ransomware Attacks Growing More Dangerous, Complex (source)
- Tech giant Nidec confirms data breach following ransomware attack (source)