If your company isn’t paying close attention to the growing threat of ransomware attacks, the Colonial Pipeline incident should serve as a convincing wake-up call. In Chief Executive, Raj Patel discusses how to protect your business from exposure and risk.
The Colonial incident is far from the first ransomware attack to disrupt a U.S. company’s operations, but it stands out because of the immediate impact it had on critical infrastructure that affects millions of Americans’ everyday lives.
The big lesson from this attack is that virtually any organization can be vulnerable to the scourge of ransomware. While it hasn’t been disclosed exactly how a suspected Russian hacking group gained access to Colonial’s systems, companies that run critical infrastructure should be some of the best protected and have access to support from U.S. government agencies to beef up their defenses.