If cybersecurity was not on the radar of business owners across the globe before, it should be, especially now. Recently, the Biden administration announced a ransomware task force after cyber breaches carried out by Russian ransomware operators paralyzed a good portion of the East Coast’s gasoline supply and crippled a major meat processing company.
Among the strategies discussed by the task force were rewards as high as $10 million for help identifying cyber criminals, launching offensive/defensive cyber-attacks on hackers, and partnering with businesses to expedite the sharing of information on ransomware infections. The taskforce will also look to promote digital resilience among critical infrastructure companies working to halt ransomware payments made with cryptocurrency and coordinating with US allies.
The primary objective for the taskforce is to formulate a strong response to Russian President Vladimir Putin’s inaction against the culprits of the recent large-scale breaches in the US. Lawmakers and experts are urging President Biden to send a very strong message to Putin that the US will not tolerate these state-sanctioned attacks, but there are few good disciplinary options as measures taken in the past have done little to discourage Putin’s actions.
Our cybersecurity specialists have always urged clients to improve their cybersecurity posture, but it is exponentially more important in today’s economic and political climate. Our consultants have the resources business owners need to assess, improve and monitor their cyber strategies and take a proactive approach to protecting their businesses. One click could cost a business an astronomical amount of money, or worse, its reputation.