A California man has been sentenced to seven years in prison for his involvement in a fraudulent scheme that saw over 50 individuals and organisations lose millions of dollars. Read more in my article on the Tripwire State of Security blog.
Category: Financial services
Department of Treasury, financial sector, Financial services, Global Security News, Government, House Financial Services Committee, Josh Gottheimer, Policy, Ransomware, Zach Nunn
House bill aims to better protect financial institutions from ransomware attacks
A bipartisan pair of House lawmakers are seeking to improve private-public coordination for financial institutions amid a surge of ransomware attacks on the sector. The Public and Private Sector Ransomware Response Coordination Act, introduced this week by Reps. Zach Nunn, R-Iowa, and Josh Gottheimer, D-N.J., would direct the Treasury secretary to deliver a report on…