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US senators target ransomware by targeting countries that allow it

US senators target ransomware by targeting countries that allow it

FILE PHOTO: Senator Marco Rubio (R-FL) speaks during a Senate Commerce, Science, and Transportation Committee hearing on Capitol Hill in Washington, U.S., April 21, 2021. Graeme Jennings/Pool via REUTERS

(Refiles to correct Rubio's title in second paragraph)

WASHINGTON :Two senior U.S. senators planned legislation on Thursday that would fight ransomware attacks on U.S. infrastructure by sanctioning countries the harbor cyber criminals, as well as by strengthening protections against attacks.

Senators Marco Rubio, the Republican vice chairman of the Senate Intelligence Committee, and Democrat Dianne Feinstein, a senior member of the intelligence and judiciary committees, planned to introduce the "Sanction and Stop Ransomware Act" on Thursday.

According to a copy of the bill seen by Reuters, it would require development of cybersecurity standards for critical infrastructure, tighten regulation of cryptocurrency - which is often demanded as ransom - and direct the State Department and intelligence community to designate as a "state sponsor of ransomware" any country deemed to provide support for ransomware demand schemes.

The threat of ransomware attacks against U.S. infrastructure came home to Americans on the east coast when an attack against the Colonial Pipeline Co. In May led to widespread shortages at gas stations.

The Justice Department was later able to help the company recover some US$2.3 million in cryptocurrency ransom it paid to hackers.

About US$350 million in ransom was paid to cyber criminals in 2020, a more than 300per cent increase from the previous year, the department said.

President Joe Biden last month warned that if the United States ended up in a "real shooting war" with a major power it could be the result of a significant cyber attack on the United States, highlighting what Washington sees as a growing threat posed by hackers from Russia, China, Iran and North Korea.

(Reporting by Patricia ZengerleEditing by Alistair Bell)

Source: Reuters

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