Home arrow Article arrow Article Detail

US State Department will give out crypto for reporting tips on cyberattack

Profile Image

Shivangi Mujumdar Follow


Jul, 20 2021

Jul, 20 2021

likes 0 | comments 0

Article Image

The State department of the United States has now decided to give out the crypto as the reward for those who shall be reporting tips on the Cyberattack. The State’s Rewards for Justice (RFJ) program in the press statement released about the reward of around $10 million for details about cybercrime. On July 15, this was stated in a press statement by State Department to fight against malicious cyber activities.

The Diplomatic Security Service that administers the program called State’s Rewards for Justice has now come up with a reward of $10 million. This reward will be given to those who shall provide the details associated with any person, location, or identification when acting as per the foreign government's direction.

There have been many malicious cyber operations that literally has targeted the U.S. critical infrastructure. It is believed that this is likely to violate the CFAA. The Violations of the statute can also include the threats like transmitting the extortion for some ransomware attacks or even exceeding the access that has been authorities.

As per one of the agency spokespersons, it is stated that “information leading to the identification or location of any person who, while acting at the direction or under the control of a foreign government, participates in malicious cyber activities against U.S. critical infrastructure”.

If there is a malicious cyberattack that may occur it shall have a long-term side effect. This eventually would hamper the code of conduct, information, and program transmission damage with no authorization against the protected computer.

Such protected computer not just includes the U.S. government but also the financial institution computer systems that facilitate smooth regulation of the foreign commerce. Considering the seriousness of such threats, the Rewards for Justice program has even created Dark Web tips to protect the security of potential sources.

likes 0 Likes | comments 0 Comments

Profile Image

Shivangi Mujumdar

CBW - External Analyst


Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.