Ransomware, a type of malware from crypto virology that threatens to publish victims’ personal data or perpetually block access to it unless a ransom is paid, has been hurting many business entities in the U.S.
According to press reports, Ransomware attacks are on the rise with an estimated $350 million paid out in ransom in 2020.
The hacker behind this malware is said to be operating from Russia and in a recent report, President Biden said there would be consequences if the country continues to harbor and give cover to the operators.
Mr. Biden said he made it clear to his Russian counterpart that actions should be taken against the perpetrators of the malware.
“I made it very clear to him that — that the United States expects, when a ransomware operation is coming from his soil, even though it’s not — not sponsored by the state, we expect them to act if we give them enough information to act on who that is.”
He further said, “Secondly, we have set up a means of communications now, on a regular basis, to be able to communicate to one another when each of us thinks something is happening in another country that affects the home country.”
The President said he is “optimistic.”
In response to the question on whether there would be consequences should Russia failed to act, he said, “Yes.”
Readers Bureau, Contributor
Edited by Jesus Chan
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