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Biden’s Justice Department announced this week that it will sue government contractors and companies that receive federal grants if they don’t report cybersecurity breaches.
Deputy Attorney General Lisa O. Monaco He said Wednesday that the False Claims Act allows the DOJ to take civil action against organizations that have misused federal funds.
“Companies have chosen silence for too long under the misconception that concealing a breach is less risky than revealing and reporting it,” he said. Monaco said.
HE He unveiled the new “Civil Cyber-Fraud Initiative” during the Aspen Institute’s annual Cyber Summit, saying it was due to the ministry’s ongoing review of cyber policies.
Woman. Monaco It also announced that the DOJ has launched a National Cryptocurrency Enforcement Team to target ransomware gangs and “distribute” the financial platforms they use.
The actions took place amid a surge in ransomware attacks this year that have affected major companies and infrastructures, including hospitals, police departments, a major fuel pipeline and a meat processor.
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