USA: White House issues memo on ransomware
The American Bankers Association ('ABA') announced, on 3 June 2021, that the White House had issued a memo on What We Urge You To Do To Protect Against The Threat of Ransomware. In particular, the White House, noted that in order to understand their risk, business executives should immediately convene their leadership teams to discuss the ransomware threat and review corporate security posture and business continuity plans to ensure you have the ability to continue or quickly restore operations. Moreover, the White House urged organisations to do the following:
- implement the five best practices from President Biden's Improving the Nation's Cybersecurity Executive Order;
- backup your data, system images, and configurations, regularly test them, and keep the backups offline;
- update and patch systems promptly;
- test your incident response plan;
- check your security team's work; and
- segment your networks.
Lastly the White House outlined that the 'private sector also has a critical responsibility to protect against these threats. All organizations must recognize that no company is safe from being targeted by ransomware, regardless of size or location.'
You can read the press release here.