U.S. Officials Warn: Ransomware Surge Threatens Businesses
CNBC
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Contributed by: Drex DeFord
Summary
U.S. officials express heightened concern over rising ransomware attacks, predicting 2024 may be particularly severe. Ann Neuberger, deputy national security adviser, has pointed out that cyber insurance policies that cover ransom payments contribute to the issue, advocating for stricter cybersecurity prerequisites to reduce such reimbursements. Businesses grapple with the challenging decision of whether to pay ransoms, influenced by the urgency to resume operations and potential legal consequences, as seen in the Lehigh Valley Health Network case, where refusal to pay led to a significant data breach affecting over 134,000 patients.
