It is good to see US government leaders realize that ransomware is a growing existential threat to our country, at the hands of our adversaries.

A top US national cybersecurity advisor stated in a recent op-ed, “This is a troubling practice that must end.” The government is looking at ways to disrupt ransomware attacks. One tactic is to get cyber insurance companies to stop reimbursements for ransoms.

Undermining ransomware is possible, but the only path is to outlaw digital extortion payments. This targets the root of the problem by undermining the motivation of the attacker.

For decades, cybersecurity and insurance companies have taken advantage of growing attacks and fears to sell their products, which have not provided a meaningful solution to stop the widespread surge of ransomware. It has become a self-serving profit center to motivate customers to purchase more tools and policies for a problem they are not solving.

Security controls are a costly tactic where the attacker maintains a significant overall advantage because they can quickly adapt, thereby requiring more tools to be purchased by the potential victims who are caught in an endless spending cycle. Insurance does nothing to reduce attacks, as it is a mechanism to transfer risk. In fact, paying the attacker simply motivates them more, thereby precipitating even more attacks!

There are feasible and practical plans that would work. However, security and insurance companies are the first to cast doubt on any plans that may disrupt their revenue streams. Their narratives are foreboding, but when closely examined, the fears of outlawing payments are largely unfounded.

As a nation, we are beginning to see how digital extortion is effectively being used by international adversaries and cybercriminals. The trend will continue, rapidly causing more extensive harm. Traditional measures, like continually adding more security tools, continue to fail in fundamental ways, and we must take a different approach.

It is time for the US government to take a serious step forward to undermine ransomware, without creating an unnecessary financial burden on the potential victims, by outlawing digital extortion payments.