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How America Can Reliably Resist Ransomware

A laptop displays a message after being infected by a ransomware as part of a worldwide cyberattack on in Geldrop.
A laptop displays a message after being infected by a ransomware as part of a worldwide cyberattack on in Geldrop.

The Biden Administration is attempting to curtail an uptick in ransomware attacks on American businesses. Just last week, an Iowa grain co-operative was hit by a cyberattack by hacking group BlackMatter demanding $5.9 million dollars. 

In June, the world’s largest meat processing company was hit by a ransomware group and paid $11 million dollars to resume its operations. And in May, the Colonial Pipeline Company was attacked, disrupting gas supplies to the east coast for a week. 

These attacks are indeed becoming more frequent. According to the Treasury Department, ransomware payments exceeded $400 million last year – more than four times higher than in 2019. 

So, what can government and business leaders do to combat these attacks? And who’s responsible for improving our cybersecurity?

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