Security News > 2022 > May > US Senate: Govt’s ransomware fight hindered by limited reporting
A report published today by U.S. Senator Gary Peters, Chairman of the Senate Homeland Security and Governmental Affairs Committee, says law enforcement and regulatory agencies lack insight into ransomware attacks to fight against them effectively.
While ransomware incidents have been increasingly hitting organizations across the country, there's still room to improve reporting of both attacks and ransom payments which would provide the federal government with the data and information it needs to deter this severe threat to national security, Senator Peters added.
"The federal government lacks comprehensive data on ransomware attacks and use of cryptocurrency in ransom payments," the report found.
"Current reporting of ransomware attacks and ransom payments made in cryptocurrency is fragmented across multiple federal agencies."
The report is the result of an investigation into how cryptocurrency facilitates cybercrime and the increase of ransomware attacks in recent years.
The Administration should swiftly implement the new ransomware attacks and ransom payments reporting mandate;.