The US House of Representatives has this week passed the Energy Cybersecurity University Leadership Act and the RANSOMWARE Act.
According to Security Week, RANSOMWARE is an acronym for ‘Reporting Attacks from Nations Selected for Oversight and Monitoring Web Attacks and Ransomware from Enemies.
The bill aims to amend and updated the SAFE WEB Act of 2006, which gives the FTC the authority to provide evidence to foreign law enforcement agencies in an effort to support investigations and enforcement actions.
The amendments put forward will require the FTC to report on cross-border complaints involving ransomware and other cyber threats.
Congressman Gus Bilirakis (R-FL) – who was an author of the bill – said that the RANSOMWARE Act would ‘strengthen the federal government’s efforts to respond to recent ransomware and other cyber-attacks from foreign adversaries’ and added that the legislation ultimately benefits American consumers.
The second bill – the Energy Cybersecurity University Leadership Act – requires the Department of Energy to establish an Energy Cybersecurity University Leadership Program.
As a part of this program, graduate students and postdoctoral researchers would be provided financial assistance for taking courses that integrate cybersecurity and disciplines associated with the needs of the energy infrastructure.
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Copyright © 2018 RegTech Analyst
