‘You can commit crimes all day long’: Kaseya CEO says cryptocurrency fuels ransomware hacks

Fred Voccola is the CEO of Kaseya, a Miami-based firm that provides remote IT monitoring and management for clients here and abroad. — Miami Herald/TNS

MIAMI: The CEO of the Miami-based firm at the center of a global ransomware hack says that while measures are being taken to restore client access to critical files and infrastructure, cryptocurrencies remain a big part of the problem.

Fred Voccola, who has led Kaseya since 2015, told the Miami Herald on Thursday that one of the biggest takeaways from the July 4 weekend attack that forced Swedish grocery stores and New Zealand kindergartens offline and may have impacted as many as 1,500 companies is that cryptocurrencies must come in for tighter regulation.