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Biden Administration Announces New Programs To Combat Cyberattacks Crisis

By News Creatives Authors , in Leadership , at July 15, 2021

In their continuing efforts to address the growing cyberattack crisis, the Biden administration announced Thursday it has launched several initiatives to help combat cyberattacks, which includes making ransomware resources available to companies and organizations.

The announcement comes just days after President Joe Biden’s meeting with top cybersecurity advisers and his declaration last Wednesday that he “will deliver” a response to President Vladimir V. Putin of Russia following the latest wave of ransomware attacks on U.S. businesses.

Rewards Program

The administration is offering rewards of up to $10 million for information leading to the identification or location of anyone who takes part in cyberattacks, include ransomware attacks, against critical infrastructure targets in the United States. The initiative is part of the Justice Department’s Rewards for Justice program.

Ransomware Resources

A new website at StopRansomware.gov offers public resources for countering the threat of ransomware attacks and building more resilience into computer networks. The site is a one-stop hub for ransomware resources for individuals, businesses and other organizations.

According to the Justice Department, StopRansomware.gov is the first central hub that consolidates ransomware resources from all federal government agencies.

“Before today, individuals and organizations had to visit a variety of websites to find guidance, latest alerts, updates and resources, increasing the likelihood of missing important information. StopRansomware.gov reduces the fragmentation of resources, which is especially detrimental for those who have become victims of an attack, by integrating federal ransomware resources into a single platform that includes clear guidance on how to report attacks, and the latest ransomware-related alerts and threats from all participating agencies,” the agency said.

StopRansomware.gov includes resources and content from DHS’s Cybersecurity and Infrastructure Security Agency (CISA) and the U.S. Secret Service, the DOJ, FBI, the Department of Commerce’s National Institute of Standards and Technology (NIST), and the Departments of the Treasury and Health and Human Services.

Anti-Money-Laundering

The Treasury Department’s Financial Crimes Enforcement Network will work with engage technology firms and others on better anti-money-laundering efforts for cryptocurrency and more rapid tracing of ransomware proceeds, which are paid in virtual currency.

Task Force

A new White House task force is helping to coordinate efforts to address ransomware.

Businesses Need to Prioritize Cybersecurity

“As ransomware attacks continue to rise around the world, businesses and other organizations must prioritize their cybersecurity,” said Secretary Alejandro Mayorkas of the Department of Homeland Security.

“Cyber criminals have targeted critical infrastructure, small businesses, hospitals, police departments, schools and more. These attacks directly impact Americans’ daily lives and the security of our nation. I urge every organization across our country to use this new resource [StopRansomware.gov] to learn how to protect themselves from ransomware and reduce their cybersecurity risk,” he said.

Commitment By Justice Department

“The Department of Justice is committed to protecting Americans from the rise in ransomware attacks that we have seen in recent years,” said Attorney General Merrick B. Garland of the Justice Department.

“Along with our partners in and outside of government, and through our Ransomware and Digital Extortion Task Force, the Department is working to bring all our tools to bear against these threats. But we cannot do it alone. It is critical for business leaders across industries to recognize the threat, prioritize efforts to harden their systems and work with law enforcement by reporting these attacks promptly,” according to Garland.

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