A New Ransomware Bill Would Give Victims 48 Hours to Disclose Ransom Payments

Ransomware victims who pay a ransom to cyber criminals for the decryption key may be required to publicly reveal their payment within 48 hours of making it.

The Ransom Disclosure Act, introduced by Senator Elizabeth Warren and Representative Deborah Ross of the United States, would oblige organizations that are victims of ransomware attacks and pay the ransom to disclose the details of the payment.

“Ransomware attacks are skyrocketing, yet we lack critical data to go after cyber criminals,” said Senator Warren. “My bill with Congresswoman Ross would set disclosure requirements when ransoms are paid and allow us to learn how much money cyber criminals are siphoning from American entities to finance criminal enterprises — and help us go after them.” 

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