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Should Paying Ransoms to Attackers Be Banned?

Insurance company CNA reportedly paid $40 million ransom after ‘cybersecurity attack’ CNA and Colonial Pipeline Co.’s payment of $4.4 million ransom stirs debate over whether such payments should be banned under federal law. Those supporting a federal law banning ransom payments argue that once criminal groups know it’s unlikely their ransom demands will be met, they will wind down their attacks. Opponents of such a ban argue that it would be “regulatory overreach” and increase risks.”]

Source: https://www.govinfosecurity.com/should-paying-ransoms-to-attackers-be-banned-a-16726

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