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The Biden administration is seeking the company's US help in tracking down cybercriminals



(Reuters) – US Deputy Attorney General Lisa Monaco has a message for corporate America: The US Department of Justice needs its help in removing cybercriminals.

"We can not do this alone," Deputy Attorney General Monaco said on Wednesday during a virtual roundtable session on cyber security.

“The conclusion is this: I think it's bad for business. It is bad for America and it hurts our efforts to maintain the value we try to show as a country if companies are attacked and do not cooperate with law enforcement.

Deputy Minister of Justice Monaco made his statement at a time when the Ministry of Justice has intensified its efforts to combat cyber threats and ransomware attacks, such as the one earlier this year against the Colonial Pipeline Co., which led to a massive shortage of petrol on the east coast.

Earlier this month, Deputy Attorney General Monaco presented two enforcement initiatives to the Department of Justice aimed at targeting cryptocurrencies and state entrepreneurs who do not report cybercrime.

Earlier this year, the department formed a working group on ransomware and digital extortion to better coordinate the government's response to such attacks. [1

9659002] In the case of the Colonial Pipeline attack, the Department of Justice was able to reclaim approximately $ 2.3 million in cryptocurrency that the company had paid to its attackers.

Deputy Attorney General Monaco said she hopes to hear more from companies about barriers or challenges they face when deciding when and how to proceed to report cyberattacks to the US government.

"Those who present will see that we are determined to let our authorities be persistent in our response," said Deputy Prosecutor Monaco.

"We are making arrests. We hold people accountable. We get the money back.

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