Congress needs to strip FCC of much of its authority to regulate the Internet and establish instead a principle of Separation of State and Telecommunications
Make ransomware payments illegal, say 79% of cyber pros computerweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from computerweekly.com Daily Mail and Mail on Sunday newspapers.
Chicago-based CNA Financial, one of the largest insurance companies in the country, made the payment in March to regain control of its network from hackers, sources said.
Hackers paralyzed a pipeline. Banks and stock exchanges are even bigger targets
AP
Hackers are holding one of America’s most important pipelines hostage, a stunning development that should serve as a warning to even bigger targets: the nation’s financial industry.
The nightmare scenario is that a Colonial Pipeline-style ransomware attack disrupts major banks or even financial markets, dealing a blow to the flow of money and confidence in the system. Instead of lines at gas stations, social media would be ablaze with images of broken ATMs or inaccessible brokerage accounts.
These are not theoretical risks. Banks and stock exchanges overseas have been hit by damaging cyberattacks in recent years.
Hackers are holding one of America's most important pipelines hostage, a stunning development that should serve as a warning to even bigger targets: the nation's financial industry.