‘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.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

One Tech Tip: Here's how AI can (and can't) help you in your job hunt
AI flattery undermining our ability to handle criticism, study finds
Why China’s humanoid robots are still waiting for their ‘ChatGPT moment’
Having a conversation and creating best practices for your child's social media use
EU moves closer to ban sexualised AI deepfakes
EU targets Snapchat over child safety and accuses adult sites of failing to block minors
US judge blocks Pentagon's Anthropic blacklisting for now
Mexico bets on supercomputer to combat extreme weather events
OpenAI's US ad pilot exceeds $100 million in annualized revenue in six weeks
Stressed US grid forcing data centers to get more flexible

Others Also Read