Government Connection

Biden Elevates Ransomware Threat

President Joe Biden is taking on the rapidly growing threat of ransomware against companies and localities by convening key officials to discuss the administration’s strategy in the wake of a high-profile attack by hackers. Biden met with various agency leaders behind closed doors on Wednesday, July 7, to discuss ransomware and ways to combat it. The White House said in a statement that the risk of ransomware is a “national security and economic security priority for the administration.” Confronting ransomware is gaining new urgency for the administration following an audacious attack over the holiday weekend that affected more than 1,000 businesses with victims in at least 17 countries. A Russia-linked ransomware gang known as REvil is believed to be behind the attack, which exploited multiple previously unknown vulnerabilities in IT management software made by Kaseya Ltd.

July 09, 2021

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