Cyberattack & Ransomware Economic Costs Rising

Cyberattack & Ransomware Economic Costs Rising

(peshkov/Getty Images)

The Biden administration should build on the Trump administration’s strategy to confront the increasing security and economic threat of cyberattacks.

It was recently revealed that DarkSide raked in $90 million worth of Bitcoin — including $4.4 million in ransom from the Colonial Pipeline operator — from its cyberattacks stretching back to October 2020. The ransoms paid to DarkSide and similar organizations, however, do not capture the total economic cost of cyberattacks….

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