"Ransomware and cyberattacks are victimizing businesses large and small across America and are a direct threat to our economy. We will continue to crack down on malicious actors," Treasury Secretary Janet L. Yellen said in a release. (Credit: igorstevanovic/Shutterstock.com)

In an effort to tamp down the ever-enlarging ransomware threat, the U.S. Department of the Treasury is taking a stiffer stance against companies, including cyber insurance providers, making or "facilitating" an extortion payment.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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