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The list of high-profile ransomware attacks grows longer and more alarming by the week, impacting everything from gas pipelines and meat supplies to ferries. Those companies and agencies that get hit must scramble to protect their systems and a tough decision on whether to pay hackers to remove the disruption.
In the face of that situation, affected companies may rush to reach out to their IT teams, police, crisis PR, lawyers and law enforcement. But, frequently, one of the first calls is to their insurance provider.
Companies often purchase specific cyber insurance plans to help protect their systems and cover any losses from a cyberattack. And ransomware, which allows hackers to take over computer systems (or even physical infrastructure) and extract fees running into the millions of dollars to unblock them, has only boosted the demand for that insurance.
The list of high-profile ransomware attacks grows longer and more alarming by the week, impacting everything from gas pipelines and meat supplies to ferries. Those companies and agencies that get hit must scramble to protect their systems and a tough decision on whether to pay hackers to remove the disruption.
Companies and agencies that get hit have to scramble to protect their systems and make tough decisions on whether to pay hackers to remove the disruption.
GovInfoSecurity
Compliance
@sking1145) • April 9, 2021 31 Minutes Twitter
Andy Purdy, chief security officer for Huawei Technologies USA
Andy Purdy, the chief security officer for Huawei Technologies USA who formerly worked on the White House staff and in the Department of Homeland Security, discusses cybersecurity best practices.
In this CyberTheory interview, Purdy discusses:
Cybersecurity challenges for the Biden administration;
Holding our allies accountable and putting mutual trust agreements in place;
How to implement cybersecurity best practices at a national level.
Purdy oversees Huawei USA’s cybersecurity assurance strategy and system and supports Huawei’s global security assurance program. He is the Huawei global lead for the EastWest Institute Global Cooperation in Cyberspace Initiative and serves as the vice chair of the Open Group Trusted Technology Forum