Congress Mulls Banning Big Ransomware Payouts

🗓️ 11 Nov 2021 17:54:28Reported by Lisa VaasType

Congress considers banning large ransomware payouts to financial firms, requires permission for ransom payments The Ransomware and Financial Stability Act (H.R.5936) aims to deter and track down hackers threatening financial institutions by making ransom payments illegal without government permission, due to increased ransomware attacks and payments. It also provides legal clarity for firms when responding to attacks.

Source	Link
republicans-financialservices	www.republicans-financialservices.house.gov/uploadedfiles/mchenr_025_xml_signed.pdf
mchenry	www.mchenry.house.gov/news/documentsingle.aspx
mchenry	www.mchenry.house.gov/news/documentsingle.aspx
threatpost	www.threatpost.com/webinars/multi-cloud-security-and-visibility-an-intro-to-osquery-and-cloudquery/
fincen	www.fincen.gov/sites/default/files/2021-10/Financial%20Trend%20Analysis_Ransomware%20508%20FINAL.pdf
wsj	www.wsj.com/articles/ransomware-payment-illegal-ban-11631047209
securityandtechnology	www.securityandtechnology.org/ransomwaretaskforce/report/
sophos	www.sophos.com/en-us/content/state-of-ransomware.aspx
	www..rand.org/content/dam/rand/pubs/perspectives/PE200/PE277/RAND_PE277.pdf
bit	www.bit.ly/3bBMX30

11 Nov 2021 17:54Current

7.1High risk

Vulners AI Score7.1