Guillermo Christensen Quoted in TechTarget Search Security: "Ransomware Actors Increasingly Demand Payment in Monero"

Ice Miller LLP partner Guillermo Christensen was quoted in a TechTarget Search Security news article, "Ransomware Actors Increasingly Demand Payment in Monero."

The article included:

Guillermo Christensen, a partner with law firm Ice Miller who specializes in cybersecurity incidents such as ransomware, said he's seen this inflation range from 5% to 20%. And while Bitcoin is still the dominant cryptocurrency used in ransomware demands, he estimated roughly 5% to 10% of threat actors are demanding XMR.

"Monero has definitely entered the awareness of the threat actors as a better way to handle payments. I think some of it is driven by the way the FBI managed to intercept one of the wallets involved in the Colonial Pipeline attack, but I also think threat actors are getting much more sophisticated," Christensen said.

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