Many have warned over the years of the growing cyber threats and some have offered thoughtful advice for how to strengthen an organization’s protection and resilience. Three questions can help determine whether enough has been done: First, have you participated in a cyber tabletop exercise recently? Second, do you have the contact information of your chief information security officer saved somewhere other than your work phone or computer? (Remember, if your company’s networks suffer a ransomware attack, your work devices may be inaccessible.) Third, do you know your point of contact in government in case of a cybersecurity incident?
cybersecurity measures, particularly for critical infrastructure like Colonial Pipeline. It served as a stark reminder that cyber threats are not confined to the digital world; they can quickly spill over, causing widespread disruption and societal impact. Ultimately, the Colonial Pipeline incident was a watershed moment.
One ripple effect is how CEOs are thinking about their roles and responsibilities. The CEO of Colonial Pipeline, Joseph Blount,members of Congress that paying the roughly $4.3 million in Bitcoin as ransom was “the hardest decision made in my 39 years in the energy industry.” Whether to pay the hackers and further fuel the criminal cycle of ransom demands orCEOs have clearly taken notice. Few would enjoy the Road to Canossa to Washington and being in the Congressional and media spotlight.
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