Home > Legal Updates > New federal reporting law passed for cybersecurity incidents and ransomware payments

New federal reporting law passed for cybersecurity incidents and ransomware payments

On March 15, 2022, President Biden signed the 2022 Consolidated Appropriations Act into law, allocating $13.6 billion in funding as a way to “address Russia’s invasion of Ukraine and the impact on surrounding countries.”  A significant portion of the Consolidate Appropriations Law, the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (“Reporting Act”), ushers in changes and advancements within the federal cybersecurity landscape.  Read more…