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New Ransomware Bill Disallows Payments But Only Benefits Financial Sector

Posted by Matthew Rosenquist on November 13, 2021 at 7:46am in Blog

Recently introduced Ransomware and Financial Stability Act (H.R.5936) is the right direction for undermining ransomware attacks, by disallowing payments, but it just does not go far enough. This proposal only benefits traditional financial institutions. Ransomware potentially impacts every business, person, government service, and even the cryptocurrency world!

We need to ban all ransomware payments to truly discourage attackers in an effective way!

News Story - https://threatpost.com/congress-ban-ransomware-payouts/176213

cybersecurity, security, ransomware, technology, government, hacking

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Posted by Matthew Rosenquist

CISO and Cybersecurity Strategist

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A global community of 5K+ Senior IT Security executives and 40K+ subscribers with the vision of meaningful collaboration, knowledge, and intelligence sharing to fight the growing cyber security threats.