A new proposed law would compel businesses in the U.S. to disclose any ransomware payments within 48 hours of the transaction.
The bicameral Ransom Disclosure Act, drafted by Sen. Elizabeth Warren and Rep. Deborah Ross, would mandate companies and organizations — though not individuals — to provide the U.S. Department of Homeland Security data on ransomware payments, including the amount and type of cryptocurrency demanded and the sum that was paid.
The bill aims to bolster the U.S. government’s understanding of how cybercriminal enterprises operate and help officials develop a fuller picture of the ransomware threat. While ransom payments …
