In this article, we discuss today’s most prevalent types of ransomware attacks, considerations for whether to make the ransom payment, the Financial Crimes Enforcement Network (FinCEN) and Treasury’s Office of Foreign Asset Control’s (OFAC) ransomware guidance, and the U.S. government’s efforts in connection with these attacks.
Jena M. Valdetero, co-chair of Greenberg Traurig’s U.S. Data, Privacy and Cybersecurity Practice, is quoted in a Law360 article, “Cybersecurity Pros On Edge As Biden Warns Of Russia Threat.”
As part of a larger spending bill signed by President Biden on March 15, 2022, Congress passed the Cyber Incident Reporting for Critical Infrastructure Act (CIRA) to increase funding for the federal Cybersecurity and Critical Infrastructure Agency (CISA). CIRA requires companies considered to be in a “critical infrastructure” sector to notify CISA within 72 hours
A ransomware attack on a major U.S. gas pipeline sharpened people’s concerns about cybercrime in 2021, while the Biden administration balanced working with the private sector and threatening penalties for keeping breaches secret. GT Shareholder Jena M. Valdetero was mentioned in this article on cybersecurity steps the Biden administration has taken, published by Law360 Dec.