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White House says Biden warned Putin on ransomware attacks

President Joe Biden warned Russian President Vladimir Putin that the U.S. would take action to "defend its people" against ransomware attacks, per a White House readout of the call on Friday.

The big picture: The call comes after Russia-linked group is believed to be behind a mass attack earlier this month on software provider Kaseya, the latest in a mass of ransomware attacks impacting U.S. companies.


What they're saying: "President Biden underscored the need for Russia to take action to disrupt ransomware groups operating in Russia and emphasized that he is committed to continued engagement on the broader threat posed by ransomware," according to the White House.

  • "President Biden reiterated that the United States will take any necessary action to defend its people and its critical infrastructure in the face of this continuing challenge."

Go deeper: The ransomware-attack leaderboard

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Russia eyes far-right U.S. social media networks

The Russian troll farm central to Moscow's 2016 U.S. election interference campaign appears to be behind a new operation targeting U.S. voters on Gab and Parler, social media platforms favored by the far right.

Why it matters: The shift by Russia's Internet Research Agency to more marginal platforms may signal that the techniques and strategies that paid off for Russia in 2016 are seeing declining returns. If Moscow is trying to influence a broad swath of U.S. voters, being relegated to platforms unknown to 99% of Americans simply won’t get the job done.

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Democratic machine spending millions in full-scale campaign to sell Biden's COVID relief

All the muscles of the Democratic Party are engaged in selling President Biden's COVID-19 relief bill just days after it was signed, with Democrats treating the $1.9 trillion package like a candidate.

Why it matters: The efforts underscore how closely Biden himself — and the broader Democratic machine — have tied the popularity of his first major piece of legislation to the success and ultimate survival of his presidency.

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Citadel and Robinhood CEOs will call for new stock trading rule at GameStop hearing

Players central to the GameStop market bonanza will call on Congress to shorten the time required for stock trades to settle, according to testimonies released ahead of their appearances at a Congressional hearing on Thursday.

Why it matters: A typically obscure part of stock trading is set to be among the issues at the forefront — as Robinhood and others look to deflect the anger that stemmed from the Reddit-fueled stock frenzy.

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