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A federal report reveals that states spent only a third of the allocated funds for election security before the 2020 election, with most of the money going to cybersecurity. The late issuance of funds and the pandemic's focus on health concerns hindered effective spending. President Biden met with tech and finance leaders to discuss enhancing private sector cybersecurity to combat modern threats like ransomware. The administration aims to prevent ransom payments and protect consumers. Newsy offers opinion-free news headlines.

What did President Biden discuss with US tech and finance leaders regarding cybersecurity?

What is the administration's goal concerning private firms and ransom payments?