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5/11, 8:46 PM (Source: TeleTrader)
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Mayorkas: $350M in losses in ransomware attacks this year

United States Homeland Security Secretary Alejandro Mayorkas stated on Tuesday that over $350 million in losses are attributed to ransomware attacks this year and roughly a 300% increase in the victimization of companies.

"We are seeing increasingly small and medium-sized businesses suffer ransomware attacks and we are bringing in the Department of Homeland Security and our capabilities to bear through the Cybersecurity and Infrastructure Security Agency (CISA)," he said.

Mayorkas also added that the government is moving at "lightning speed" to address the urgency of cybersecurity threats, identifying weak links and working with the private sector.

Breaking the News / LH