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Biden administration seeks corporate America’s help tracking cyber criminals

WASHINGTON, Oct 20 (Reuters) – U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department wants its help to be able to take down cyber criminals.

“We cannot do this alone,” Monaco mentioned on Wednesday throughout a digital roundtable on cybersecurity.

“The bottom line is this: I believe it is bad for companies. It’s bad for America and it hurts our efforts to uphold the value that we try to demonstrate as a country if companies are attacked, and don’t partner with law enforcement.”

Monaco made her pitch at a time when the Justice Department has been stepping up its efforts to fight cyber threats and ransomware assaults, such because the one earlier this yr in opposition to the Colonial Pipeline Co., resulting in huge shortages of gasoline throughout the East Coast.

Earlier this month, Monaco unveiled two new Justice Department enforcement initiatives aimed toward concentrating on cryptocurrencies and authorities contractors who fail to report cyber breaches.

The division earlier this yr shaped a ransomware and digital extortion activity pressure to higher coordinate authorities response to such assaults.

In the case of the Colonial Pipeline assault, the Justice Department was capable of get better some $2.3 million in cryptocurrency ransom the corporate had paid to its attackers.

Monaco mentioned she is hoping to listen to extra from firms about highway blocks or challenges they face when deciding when and the best way to come ahead to report cyber assaults to the U.S. authorities.

“Those who come forward will see that we are determined to bring our authorities to bear to be nimble in our response,” Monaco mentioned.

“We make arrests. We hold people to account. We get money back.”

Reporting by Sarah N. Lynch, Editing by Nick Zieminski

U.S. President Joe Biden delivers remarks to honor the Council of Chief State School Officers' 2020 and 2021 State and National Teachers of the Year along with U.S. first lady Jill Biden at the White House in Washington, U.S., October 18, 2021. REUTERS/Leah Millis/Files

REUTERS/Kacper Pempel/Illustration

U.S. President Joe Biden delivers remarks to honor the Council of Chief State School Officers' 2020 and 2021 State and National Teachers of the Year along with U.S. first lady Jill Biden at the White House in Washington, U.S., October 18, 2021. REUTERS/Leah Millis/Files

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