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
- US Sanctions Chinese Cybersecurity Firm for 2020 Ransomware Attack (source)
- Starbucks, Supermarkets Targeted in Ransomware Attack (source)
- CISA confirms critical Cleo bug exploitation in ransomware attacks (source)
- Clop ransomware claims responsibility for Cleo data theft attacks (source)
- Rhode Island confirms data breach after Brain Cipher ransomware attack (source)
- Ascension: Health data of 5.6 million stolen in ransomware attack (source)
- Clop ransomware threatens 66 Cleo attack victims with data leak (source)
- French govt contractor Atos denies Space Bears ransomware attack claims (source)
- Casio says data of 8,500 people exposed in October ransomware attack (source)
- Preventing the next ransomware attack with help from AI (source)