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New rules approved by the US Congress will mean companies that are vital to US national interests will be required to report when they are hacked or pay ransomware.
The UK’s National Cyber Security Centre (NCSC) claims it has fought off a record number of digital intrusions this year driven by a surge in ransomware.
The US government has put a $10m bounty on the cybercriminals who hacked the system of the Colonial Pipeline back in May of this year.
While cybersecurity may be occupying a growing space in the attention of workforces worldwide, a recent report by Deloitte has found many workers may be taking their own cyber hygiene for granted.
Ransomware threat intelligence firm SonicWall has found 2021 will be the most expensive and dangerous year on record for ransomware attacks, with 495 million logged already.
A recent report by Allianz has found that scammers demanded an average payment of $5.3m from hacking victims during the first six months of 2021.
A bill drafted by the US Senate and House of Representatives would require victims of ransomware attacks in the US to report any payments to hackers within 48 hours.
US President Joe Biden has said that the US will unite 30 countries to crack down on the threat posed by ransomware gangs worldwide.
The UK will invest £5bn into the creation of a Cyber Force unit that will strike back on cyberattacks with retaliatory hacks.