White House to establish ransomware task force: report

Senators were reportedly briefed about the task force on Wednesday

The White House will establish a ransomware task force in the coming days following hacks that crippled key firms responsible for U.S. fuel and meat production.

The task force will spearhead efforts across the Biden administration to respond to the ransomware threat from an offensive and defensive standpoint, Politico reported, citing a Senate aide with knowledge of the matter. 

The group will take action against known ransomware hackers, build protocols to stop cryptocurrency-based ransom payments, support resilience among key U.S. infrastructure firms and coordinate with allied nations taking similar actions.

Anne Neuberger, the deputy national security adviser for cyber and emerging technology, briefed senators about the planned task force on Wednesday, according to the report. It’s unclear when the task force will be announced.

The White House did not immediately respond to a request for comment.

CLICK HERE TO READ MORE ON FOX BUSINESS

U.S. lawmakers have called for action in recent weeks following ransomware attacks on the Colonial Pipeline, a key East Coast fuel supplier, and JBS, one of the country’s largest meat suppliers. IT software vendor Kaseya was also targeted in a ransomware attack this month that impacted hundreds of companies.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34584.88 -166.44 -0.48%
SP500 S&P 500 4432.99 -40.76 -0.91%
I:COMP NASDAQ COMPOSITE INDEX 15043.967518 -137.96 -0.91%

The hacks have raised concerns about the potential threat to critical components of U.S. infrastructure if the threat is not addressed.  Russia-linked hackers were implicated in multiple recent attacks, prompting President Biden to warn Russian President Vladimir Putin to take action against the responsible groups.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

REvil, a Russia-linked group believed to be responsible for both the JBS and the Kaseya hack, abruptly went offline earlier this week, the New York Times reported.