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Secretary of Homeland Security Alejandro Mayorkas About 50% to 70% of all ransomware attacks in the U.S. are targeting small and medium-sized businesses, costing the victims an estimated total of $350 million in the last year, Secretary of Homeland Security Alejandro Mayorkas said Wednesday in a speech to the U.S. Chamber of Commerce. "The losses from ransomware are staggering. And the pace at which those losses are being realized is equally staggering," Mayorkas said, noting this is why DHS has made battling ransomware a priority. DHS, through the U.S. Cybersecurity and Infrastructure Secu...

US declares emergency after ransomware shuts oil pipeline that pumps 100 million gallons a day Oil transport by road allowed after Colonial Pipeline goes down, operator says recovery is under way but offers no recovery date Share Copy Updated One of the USA’s largest oil pipelines has been shut by ransomware, leading the nation's Federal Motor Carrier Safety Administration to issue a regional emergency declaration permitting the transport of fuel by road. The Colonial Pipeline says it carries 100 million gallons a day of refined fuels between Houston, Texas, and New York Harbor, or ...

Secretary of Homeland Security Alejandro Mayorkas About 50% to 70% of all ransomware attacks in the U.S. are targeting small and medium-sized businesses, costing the victims an estimated total of $350 million in the last year, Secretary of Homeland Security Alejandro Mayorkas said Wednesday in a speech to the U.S. Chamber of Commerce. "The losses from ransomware are staggering. And the pace at which those losses are being realized is equally staggering," Mayorkas said, noting this is why DHS has made battling ransomware a priority. DHS, through the U.S. Cybersecurity and Infrastructure Secu...

  The Biden administration and Congress are mobilizing to confront ransomware attacks on critical organizations such as schools and hospitals, which some officials have labeled a national security threat.  The Department of Homeland Security (DHS), the Department of Justice and Capitol Hill are all spearheading efforts to get a handle on ransomware attacks, which have skyrocketed during the COVID-19 pandemic as cyber criminals targeted vulnerable networks that came under increased strain.  “The threat is real. The threat is upon us. The risk is to all of us,” DHS Secretary Alejandro Ma...

© Greg Nash The Justice Department will soon begin a 120 day review of cybersecurity challenges in the midst of escalating cyber threats.  Newly confirmed Deputy Attorney General Lisa Monaco announced the review during virtual remarks at the Munich Cyber Security Conference, stressing that the U.S. was at a “pivot point” around how it approaches cybersecurity concerns.  “We are launching this week, under my direction, a review of how the department is looking at exactly this set of challenges,” Monaco said. “We want to bring forth actionable recommendations in a 120 day time fra...