The U.S. Department of State has put out an offer for a bounty in crypto up to the tune of $10 million in exchange for actionable information on cyberattacks that are carried out by foreign governments. This will be the first time that the U.S. government has embraced the use of cryptocurrencies to pay for services rendered.
The offer was made through the U.S. Department of State’s Rewards for Justice program, administered by the Diplomatic Security Service. Since certain cyber operations targeting United States critical infrastructure might violate the Computer Fraud and Abuse Act (FCAA), the Department of State is trying to get in front of the attacks before they occur.
These attacks include and are not limited to transmitting extortion threats as part of ransomware attacks, intentional unauthorized access to a computer, or exceeding authorized access. In which case, the attacker would obtain information from a protected computer, which they can use to transmit a program, information, code, or command. And thus, use that access to cause damage to a protected computer.
How Will The Ransom Be Paid
The U.S. Department of State explained that they had set up a tips-reporting channel using the Dark Web (Tor-based) in order to ensure the safety and security of sources and make sure they are protected.
The U.S. Department of State’s Rewards for Justice program is also working with other agency partners in order to ensure the privacy of the information and make sure the information coming in is processed in a timely manner.
Total crypto market cap trails $1.24T | Source: Crypto Total Market Cap on TradingView.com
To ensure this, the U.S. Department of State has also stated that the reward payments may also include payments in cryptocurrency. This is not a stretch as a good way to ensure the privacy of the reporters would be to pay in digital assets, as this will…