A US Congressman says that drug cartels have ramped up the use of cryptocurrencies and crypto wallets to mask their illicit activities, presenting a new security threat.
In a new blog post on The Hill, Republican Tony Gonzales of Texas’s 23rd district says that the US government is currently facing threats from cybercriminals on multiple fronts.
“As we have seen this year, the frequency of ransomware attacks and other cybercrime continues to skyrocket and cryptocurrencies have emerged as a critical weapon for both nation-state adversaries and cybercriminals.
To protect not only the people of Texas’s 23rd but all of our citizens, the US government must win the technological fight against the cartels. The battle has only begun.”
Gonzales says that untraceable cryptocurrencies make it