CPW's Kristin Bryan was interviewed by
Global Data Review last week concerning an Arizona bill that would
ban publicly funded ransomware payments. As she explained,
"[t]his development out of Arizona is consistent with this
nationwide push to deter
ransomware attacks, and congruent with actions taken recently at
the federal level." She noted recent US Department of Treasury
actions to disrupt ransomware by sanctioning cryptocurrency
exchanges and banning payments to certain networks. The Biden
administration has also removed barriers to information sharing
between public and private entities and threatened to void
contracts with non-secure government contractors. However,
notwithstanding these efforts, as the GDR article explains
"the treasury department said in November that the $590
million in ransomware payments up to that point in 2021 already
exceeded the $416 million paid across 2020 - which is why state
policymakers are joining the search for policy solutions." To
see the complete article and Kristin's insights, check out the
link below (reprinted with permission of GDR).
Arizona bill would ban taxpayer-funded ransomware payments
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