Ransom Disclosure Act would mandate ransomware payment reporting

In an effort to better understand and clamp down on the ransomware economy and its related use of cryptocurrencies, US Senator and past presidential hopeful Elizabeth Warren and US House Representative Deborah Ross introduced a new bill last week that would require companies and organizations to report any paid ransomware demands to the Secretary of the Department of Homeland Security. “Ransomware attacks are skyrocketing, yet we lack critical data to go after cybercriminals,” said Senator Warren in a prepared release.

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