New Ransomware Bill Disallows Payments But Only Benefits Financial Sector

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

E-mail me when people leave their comments –

CISO and Cybersecurity Strategist

You need to be a member of CISO Platform to add comments!

Join CISO Platform

CISO Platform

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.

Join CISO Community Share Your Knowledge (Post A Blog)