WATCH LIVE: Senate Armed Services Committee holds hearing on recent cyber attacks

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BOSTON (AP) — The Senate Armed Services Committee is expected to hold a hearing on recent cyber attacks on Wednesday.

Watch the hearing in the player above.

The dilemma surrounding ransomware payments has left U.S. officials fumbling about how to respond to such demands.

While the Biden administration “strongly discourages” paying, officials recognize that failing to pay would be almost self-destructive for some victims.

In an initial step, bipartisan draft legislation would mandate immediate federal reporting of ransomware attacks. Doing so could assist response, help identify attackers and even recoup ransoms, as the FBI did with most of the $4.4 million that Colonial Pipeline recently paid. But without additional action soon, experts say ransomware payments will continue to skyrocket.

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Janice Hillhttps://politicsay.co.uk
Janice founded PoliticSay with an aim to bring relevant and unaltered news to the general public with a specific viewpoint for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research. With ample knowledge about the business industry, Janice also contributes her knowledge to the business section of the website. Janice@britmedia360.co.uk
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