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Dive Brief:
- Sen. Gary Peters, D-MI, urged the Biden administration to implement a cyber incident reporting mandate, after the Senate Homeland Security committee issued a report Tuesday showing the vast majority of ransomware attacks and crypto-based payments continue to go unreported.
- Peters said the federal government lacks comprehensive data on ransomware attacks, making it more difficult to prevent, mitigate and recover from malicious attacks against critical infrastructure, which has skyrocketed in recent years.
- Congress in March passed the Cyber Incident Reporting for Critical Infrastructure Act, which requires critical infrastructure providers to report substantial cyberattacks as well as ransomware payments to the Cybersecurity and Infrastructure Security Agency (CISA).
Dive Insight:
Peters in July 2021 launched an investigation into the role cryptocurrencies play in ransomware. The probe was announced after a series of devastating ransomware attacks on key industries, including the May 2021 attack on Colonial Pipeline, followed weeks later by a ransomware attack on meat supplier JBS USA and the July ransomware attack against IT…
