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Report on Public-Private Coordination Against Ransomware Attacks on Financial Institutions

This legal act aims to enhance citizens' financial security by improving the protection of financial institutions against cyberattacks. It requires the government to prepare a report on how the public and private sectors collaborate in combating cyber threats like ransomware. This will help banks and other financial institutions be better prepared for threats, potentially reducing the risk of data or money loss for customers.
Key points
The government will examine how financial institutions and government agencies cooperate in preventing and responding to cyberattacks.
The report will assess whether government agencies have timely access to information about attacks and if this information is useful.
The goal is to strengthen public-private partnerships and reduce cyberattack response times, thereby increasing citizens' financial security.
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Status:
Introduced
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Additional Information
Print number: 119_HR_807
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2025-01-28