The FBI’s director has issued a warning to businesses about paying ransom for cyber attempts

Patch Tuesday Event Discusses Security Vulnerability Patches

U.S. companies and government agencies are reeling from recent ransomware attacks that have disrupted critical services, from a major oil pipeline to a beef producer and hospitals. The attacks have ignited a national debate over whether victims should pay ransom, which can reach millions of dollars.

Companies and organizations that are victims of ransomware attacks shouldn’t pay hackers to unlock their data and should quickly contact law enforcement, which opens up the possibility of creative solutions, FBI Director Christopher Wray said. “It is our policy, it our guidance from the FBI, that companies should not pay the ransom,” Wray told the House Judiciary Committee at a hearing Thursday.

Meat producer JBS USA said it paid $11 million to criminals responsible for a May 30 ransomware attack that disrupted its operations across North America and Australia. Colonial Pipeline Co. paid $4.4 million, or 75-Bitcoin, in ransom after a hack that forced it to shut the largest fuel pipeline in the U.S. on May 7, driving up gasoline prices and sparking shortages at filling stations.

“The Biden administration basically gave a wink and a nod to paying off the thugs,” Rep. Steve Chabot, an Ohio Republican, said during the hearing with Wray. “Don’t we need to clarify the policy relative to paying off criminals?”

The White House’s National Security Council issued a statement Wednesday saying “the administration has been very clear: private companies should not pay ransom. It encourages and enriches these malicious actors, continues the cycle of these attacks, and there is no guarantee companies get their data back.”

The News Highlights

  • The FBI’s director has issued a warning to businesses about paying ransom for cyber attempts
  • Check the latest update on Security news
  • .

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Long Island is a state in the United States. Hackers Target Cryptocurrency Exchanges, Putting a Man’s Bitcoin in Danger

Long Island is a state in the United States. Hackers Target Cryptocurrency Exchanges, Putting a Man’s Bitcoin in Danger

CBS2’s Natalie Duddridge spoke to a Long Island man whose bitcoin is now in limbo. Pinto started investing in bitcoin in 2017. He used an app called ...
The cost of care: when financial and emotional stress escalate

The cost of care: when financial and emotional stress escalate

Meanwhile, 37% said they earned less when they returned to work, taking a median 40% pay cut. Look at the numbers, and it is not hard to see why: Of those who ...
How to uninstall the iOS 15 beta without using a computer

The shift toward patient-controlled data is reflected in Apple’s new health data sharing tool

Apple has been working on giving patients more access to their data for years. In 2018, the company rolled out Health Records on iOS, which aggregates ...
With Microsoft Office for Android it is possible to capture and post audio recordings

With Microsoft Office for Android it is possible to capture and post audio recordings

According to Microsoft Office Insider Blog post, Microsoft Office for Android’s new voice capture feature helps you easily capture voice memos and transcribe ...
Workforce Solutions Receives $250,000 Grant

Workforce Solutions Receives $250,000 Grant

The Home Instead office in Abilene is currently recruiting to fill Abshire’s former position; for information, go to ...
G1 True Wireless Gaming Earbuds Released by Mixcder

G1 Wireless Gaming Earbuds introduced by Mixcder

With a premium 2-in-1 design, portable efficiency and ultra-low latency, these headphones are great for any gamer on mobile devices, Nintendo Switch Lite, ...
Summer Game Fest Demo Event 2021 has been announced by Xbox

Summer Game Fest Demo Event 2021 has been announced by Xbox

I’m sure you’ll agree that’s a lot of game demos to download and play in a single week. However, Microsoft are keen to point out that these are mostly early ...
How to uninstall the iOS 15 beta without using a computer

How Do Apple Account Recovery Contacts Work?

Here’s what you need to know. (Pocket-lint) – While at WWDC 2021, Apple announced some improvements to Apple ID and iCloud. One of those improvements, ...
Splitgate Portal Shooter Cross-Platform Announcement for Xbox and PlayStation

Splitgate Portal Shooter Cross-Platform Announcement for Xbox and PlayStation

We were able to exclusively reveal that Splitgate will be coming to consoles on July 27, and an open beta is planned for July 1-6. Splitgate is finally ...
Best fishing gifts for Father’s Day

Best fishing gifts for Father’s Day

Best Father’s Day fishing gifts Father’s Day is almost here — this year, the holiday arrives on June 20 — and you might be searching for a gift for your ...
Show next
Compsmag - Latest News from tech, business and health
Logo