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
- Texas State Bar warns of data breach after INC ransomware claims attack (source)
- Sensata Technologies hit by ransomware attack impacting operations (source)
- Ransomware attack cost IKEA operator in Eastern Europe $23 million (source)
- Kidney dialysis firm DaVita hit by weekend ransomware attack (source)
- Ahold Delhaize confirms data theft after INC ransomware claims attack (source)
- Interlock ransomware gang pushes fake IT tools in ClickFix attacks (source)
- Interlock ransomware claims DaVita attack, leaks stolen data (source)
- Ransomware attacks are getting smarter, harder to stop (source)
- Hitachi Vantara takes servers offline after Akira ransomware attack (source)
- Marks & Spencer breach linked to Scattered Spider ransomware attack (source)