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The Department of Homeland Security says ransomware attacks have doubled in the last four years. The Treasury Department will create sanctions to try to prevent cyber criminals from profiting from those attacks.

  • Ron Marks, president of ZPN Cyber and National Security Strategies, former CIA official and intelligence advisor to two Senate majority leaders, said the sanctions are an interesting approach with a focus on those paying off the criminals, adding that the problem can be ameliorated but not solved.
  • Marks said ransomware attacks are mostly coming out of Russia and have increased because they are profitable.
  • Marks said he is leaning in the direction of requiring companies to report ransomware attacks.

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