“Even in cyberspace, the Department of Justice is able to use a tried and true investigative technique, following the money,” Ms. Monaco said. “It’s what led us to Al Capone in the ’30s. It helped us destroy La Cosa Nostra in the ’60s. And it took down terrorist financing networks in the early 2000s. The currency might be virtual, but the message to companies is concrete.”
Ms. Monaco said that there had been an “explosion” of cryptocurrency abuse and the use of ransomware, malicious code that prevents users from gaining access to their computers until they pay a ransom.
The F.B.I. is investigating more than 100 ransomware variants, and investigators are scrutinizing dozens of ransomware groups estimated to have demanded billions of dollars in payment.
As hackers became increasingly sophisticated at infiltrating and stealing information from corporate and government computers, they relied on cryptocurrencies to collect ransoms from users who were desperate to get their data back.
Last year, the Justice Department introduced the ransomware and digital extortion task force to develop ways to deter such breaches. For the first time, investigators used a traditional search warrant to execute code and erase digital back doors, and they worked with international partners to take down an enormous botnet network — moves that made hundreds of computers safe from hackers.