Speaking at a hearing for the House Committee on Financial Services on Wednesday (Nov. 3) about how to address cyber attacks such as ransomware, U.S. House Rep. Ed Perlmutter of Colorado said there had been a 1,318% increase in ransomware attacks on the banking industry just in the first half of 2021.
His testimony came as the White House’s National Cyber Director testified to a different committee Wednesday that cyberattacks traced to Russia are down, according to reports.