Senators goal international locations internet hosting cyber criminals – company insurance

(Reuters) – Two senior US senators were planning a law Thursday to combat ransomware attacks on US infrastructure by sanctioning countries that harbor cyber criminals and strengthening protection against attacks.

Senators Marco Rubio, the Republican chairman of the Senate Intelligence Committee, and the Democrat Dianne Feinstein, a high-ranking member of the Intelligence and Justice Committee, wanted to introduce the "Sanction and Stop Ransomware Act" on Thursday.

According to a copy of the bill viewed by Reuters, cybersecurity standards should be developed for critical infrastructures, regulation of cryptocurrency – often demanded as ransom – should be tightened and the State Department and intelligence agencies should be instructed to appoint every country as a "state sponsor of" ransomware, " believed to provide support for ransomware demand systems.

The threat of ransomware attacks on US infrastructure became clear on the east coast when an attack on the Colonial Pipeline Co. in May caused widespread bottlenecks at gas stations.

The Justice Department was later able to help the company reclaim around $ 2.3 million in cryptocurrency ransom money it had paid to hackers.

About $ 350 million in ransom was paid to cyber criminals in 2020, an increase of more than 300% over the previous year, the department said.

President Joe Biden warned last month that if the United States got into a "real gun war" with a great power, it could be the result of a major cyberattack on the United States, Russia, China, Iran and North Korea.

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