Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

White House warns companies to step up cybersecurity: 'We can't do it alone'

06/03/2021 | 02:25pm EDT
U.S. White House Press Secretary Psaki holds the daily briefing at the White House in Washington, D.C.

WASHINGTON (Reuters) -The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware attacks after intrusions disrupted operations at a major meatpacking company and the biggest U.S. fuel pipeline.

There has been a significant hike in the frequency and size of ransomware attacks, Anne Neuberger, cybersecurity adviser at the National Security Council, said in a letter.

"The threats are serious and they are increasing. We urge you to take these critical steps to protect your organizations and the American public," she added.

The recent cyberattacks have forced companies to see ransomware as a threat to core business operations and not just data theft, as ransomware attacks have shifted from stealing to disrupting operations, she said.

Strengthening the country's resilience to cyberattacks was one of President Joe Biden's top priorities, the White House has said.

"But we can't do it alone," White House press secretary Jen Psaki said on Thursday. "Business leaders have a responsibility to strengthen their cyber defenses to protect the American public and our economy."

No company, large or small, is safe from ransomware attacks, Neuberger told the business community.

The letter came after a major meatpacker resumed U.S. operations on Wednesday following a ransomware attack that disrupted meat production in North America and Australia.

A Russia-linked hacking group that goes by the name of REvil and Sodinokibi was behind the cyberattack against JBS SA, a source familiar with the matter told Reuters.

The cyberattack followed one last month by a group with ties to Russia on Colonial Pipeline, the largest fuel pipeline in the United States, which crippled fuel delivery for several days in the U.S. Southeast.

Biden believes Russian President Vladimir Putin has a role to play in preventing these attacks and planned to bring up the issue during their summit this month, Psaki said.

Neuberger's letter outlined immediate steps companies can take to protect themselves from ransomware attacks, which can have ripple effects far beyond the company and its customers.

Those include best practices such as multifactor authentication, endpoint detection and response, encryption and a skilled security team. Companies should back up data and regularly test systems, as well as update and patch systems promptly.

Neuberger advised that companies test incident response plans and use a third party to test the security team's work.

She said it was critical that corporate business functions and production operations be run on separate networks.

(Reporting by Doina ChiacuEditing by Steve Orlofsky and Nick Zieminski)

By Doina Chiacu

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.03% 160.125 End-of-day quote.15.65%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.00% 123.075 End-of-day quote.8.96%
RIPPLE (XRP/BTC) 0.00% 1.8E-5 Real-time Quote.125.00%
RIPPLE (XRP/EUR) -1.62% 0.60275 Real-time Quote.242.22%
RIPPLE - UNITED STATES DOLLAR -1.34% 0.71553 Real-time Quote.231.42%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.44% 73.073 Delayed Quote.-0.12%
Latest news "Economy & Forex"
05:04pUtilities Edge Higher -- Utilities Roundup
05:03pCommunications Services Down Amid Mixed Earnings -- Communications Services Roundup
05:02pTech Ticks Higher After Mixed Earnings -- Tech Roundup
04:59pGilead sciences says no longer pursuing development of inhaled remdesivir for treatment of covid-19
04:59pFinancials Up Alongside Yields -- Financials Roundup
04:57pConsumer Cos Up After Spending Report -- Consumer Roundup
04:55pHealth Care Edges Up As Merck Earnings Weigh - Health Care Roundup
04:51pWall St rises as earnings lift outlook
04:50pAmazon sales to slow in tame start to Jassy's tenure as CEO
04:49pIndustrials Up After Mixed GDP Data -- Industrials Roundup
Latest news "Economy & Forex"