Wanted: Millions of cybersecurity pros. Salary: Whatever you want
A series of major digital security breaches over the past year are serving as a wake-up call to Corporate America about the need to invest in cybersecurity.
Friday brought yet another reminder of the risk of cyberattacks, when Microsoft said the hackers behind the 2020 Solar Winds breach launched a new attack on more than 150 government agencies, think tanks and other organizations globally.
But perhaps the most striking recent example is the Colonial Pipeline ransomware attack, which forced the company to shut down the pipeline temporarily resulting in gas shortages and price spikes in multiple states over
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Cybersecurity Regs for Pipelines Reportedly Coming Soon bankinfosecurity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankinfosecurity.com Daily Mail and Mail on Sunday newspapers.
Should Paying Ransoms to Attackers Be Banned?
Compliance
Compliance
Compliance
DougOlenick) • May 24, 2021
Statement posted on CNA website after ransomware attack
Insurance company CNA s apparent decision to pay attackers a $40 million ransom and Colonial Pipeline Co. s payment of a $4.4 million ransom are stirring debate over whether such payments should be banned under federal law.
Bloomberg News reported Thursday that Chicago-based CNA had paid the hefty ransom (see:
Insurer CNA Disconnects Systems After Cybersecurity Attack ). Meanwhile, Colonial Pipeline CEO Joseph Blount confirmed Wednesday that the company had paid a ransom on May 7 after discovering an attack using DarkSide ransomware that led the company to temporarily shut down its fuel pipeline serving the East Coast.