New Ransomware Bill Only Benefits Traditional Financial Institutions

in STEMGeeks2 months ago

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

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Something must be done about ransomware as it is getting out of hand!