The Biden administration could offer bounties of up to $10 million to people who identify ransomware perpetrators. It’s also looking at how it might hack back at the bad guys.
- Ari Schwartz, managing director of cybersecurity services at Venable, former special assistant to the president and former senior director for cybersecurity at the White House, said these developments suggest the United States is heading towards a revolution in combating ransomware attacks.
- Schwartz said there is a social and cultural component involving the ability to bring cases against bad actors harbored in certain countries.
- The Biden administration announced a cybersecurity event in August with private sector leaders; Schwartz said the government needs to show willingness to provide resources and the private sector must solidify some “basic blocking and tackling.”