The government is getting fed up with ransomware payments fueling endless cycle of cyberattacks
With ransomware attacks surging and 2024 on track to be one of the worst years on record, U.S. officials are seeking ways to counter the threat, in some cases, urging a new approach to ransom payments.
Ann Neuberger, U.S. deputy national security adviser for cyber and emerging technologies, wrote in a recent Financial Times opinion piece, that insurance policies — especially those covering ransomware payment reimbursements — are fueling the very same criminal ecosystems they seek to mitigate. “This is a troubling practice that must end,” she wrote, advocating for stricter cybersecurity requirements as a condition for coverage to discourage ransom payments.