California Lawmakers Draft A Proposal Against Ransomware

Bringing an end to the ransomware threat can be achieved in many ways. According to California lawmakers, the legal system provides all of the necessary tools. At the same time, internet criminals don’t lose any sleep over their actions being legal or illegal under any law. That isn’t keeping lawmakers from trying to create new legislative proposals, though.

Can We Ban Ransomware By Law?

It is an interesting solution to explore, that much is certain. While California has built a reputation for creating new laws which are eventually spread nationwide, they may not see big success with their newest proposal. According to the LA Times, there are plans on the table to draft a law against ransomware.

According to the Senate Bill 1137 proposal, “knowingly introducing ransomware will be punishable by imprisonment in a county jail”. The jail sentence for such an offense can range from two to your four years. Additionally, there will be a fine attached to this sentence, albeit the amount will not exceed US$10,000. All in all, these guidelines are not out of the ordinary for an offense potentially impacting thousands of computer users.

People who have been paying close attention to the ransomware industry will remember the attack against the Hollywood Presbyterian Medical Center. The institution was forced to pay US$17,000 in Bitcoin to resume its services as normal. Other health care centers and companies have been the victim of ransomware attacks as well.



Related Post

Although this bill may have a good chance of being written into law, the process will take some time. Then again, this particular bill has the backing of various tech giants, including Facebook, Apple, and Google. Despite that backing, there is no guarantee Governor Jerry Brown will not veto the bill. Some of the proposal’s opponents are pointing out how prosecutors have enough tools to make their case, and would not need this additional “power’.

The biggest question is how California lawmakers will succeed in catching ransomware creators and distributors. Most of these attacks originate from the deep web, which users access through privacy-protecting software. Moreover, what about attacks originating from regions where the US has no jurisdiction? These are all questions that need to be answered sooner rather than later.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Bitget Launches OpenAI Pre-IPO Access As Crypto Exchanges Push Into Tokenized Equity Markets

Bitget officially launched pre-IPO access to OpenAI via its IPO Prime platform which deepens their…

11 hours ago

Tether Expands Open-Source Push With New Developer Grants For AI And Payment Infrastructure

Tether's presence in decentralized tech space is growing due to the launch of its developer…

1 day ago

Huma Finance Exploit Hits Legacy Contracts As Platform Maintains Stability And Accelerates Transition To V2 System

While challenges remain, the decentralized finance sector is moving forward, and Huma Finance's exploit serves…

1 day ago

Chainlink Expands Cross-Chain Reach As Major Protocols And Institutions Deepen Adoption 

Chainlink is continuing its mission to be the most widely integrated infrastructure in crypto, adding…

2 days ago

Sui Network Hit Again: DeepBook Exploit Adds To Growing List As Token Defies Pressure With Bullish Breakout

A vulnerability in one of the core DeFi protocols on Sui Network exposes the ecosystem…

3 days ago

Polygon Raises Network Capacity To 140M Gas

Polygon has made a big move in cementing its mission as one of the leading…

4 days ago