AT&T pays ransom to have stolen data removed
A data breach of nearly all AT&T customers via third-party vendor Snowflake has just resulted in a $370,000 payment to the hackers. And, while this is not unusual, it may be a strategy US companies cannot use for long, if a planned law is passed.
The Ransomware and Financial Stability Act 2024, a bipartisan law introduced this spring, would set a limit of $100,000 companies could pay for ransom in a cyber-attack.
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