Security News > 2022 > March > How the Senate’s new cybersecurity legislation could affect your business
How the Senate's new cybersecurity legislation could affect your business.
The Senate passed a piece of legislation on Tuesday, detailing new cybersecurity measures that would force businesses to report cyberattacks and ransomware payments.
"Since the Colonial Pipeline ransomware attack, the government has been in a reactionary course to pass legislation relating to cybersecurity to protect various private supply chains that impact the critical infrastructure of the United States," said James McQuiggan, security awareness advocate at KnowBe4.
"The bill impacts these organizations regardless of size or revenue. Once the bill is passed into law we may see a surge of ransomware incidents reported in the media. People need to understand that the wave of new reports doesn't mean we are under a greater volume of attacks, but rather will highlight the fact of how many of these attacks historically have gone unreported."
"Additionally, executive management needs to be educated on the new legislation and the impact to the business should they be the victim of a ransomware attack. Outside of the additional regulatory notification requirements, companies should continue to implement [constant] security monitoring and preventative tools to mitigate the risk of ransomware taking hold in their organization."
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