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Mandatory Ransom Payment Disclosure for Cyberattacks

New rules require businesses and local governments to report ransom payments after cyberattacks. This aims to combat digital crime and enhance data security, though it does not apply to individuals. Information on payments will be collected and analyzed to better protect IT systems.
Key points
Businesses and local governments must report ransom payments for cyberattacks within 48 hours to the Department of Homeland Security.
Disclosures must include the date, amount of ransom, currency type (including cryptocurrency), and any known information about the attacker.
The Department of Homeland Security will publish aggregated data on ransom payments, without revealing the identity of the affected entities.
The regulations aim to better understand and combat cybercrime, as well as protect information systems.
Individuals can voluntarily report ransom payments on a dedicated website.
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Additional Information
Print number: 117_S_2943
Sponsor: Sen. Warren, Elizabeth [D-MA]
Process start date: 2021-10-06
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Ransom Disclosure Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2943.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-10-06.

What are the main provisions?

Key points include:

  • Businesses and local governments must report ransom payments for cyberattacks within 48 hours to the Department of Homeland Security.
  • Disclosures must include the date, amount of ransom, currency type (including cryptocurrency), and any known information about the attacker.
  • The Department of Homeland Security will publish aggregated data on ransom payments, without revealing the identity of the affected entities.
  • The regulations aim to better understand and combat cybercrime, as well as protect information systems.
  • Individuals can voluntarily report ransom payments on a dedicated website.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Warren, Elizabeth [D-MA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Security Informatization