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The letter confirms that disrupting ransomware actors is one of the Biden administration’s top priorities and recommends that private companies adopt the following security measures against ransomware attacks: business leaders and executives, urging them to implement protective measures against ransomware attacks. The White House also published an open letter to U.S.
#RANSOMWARE SUMMIT EYES GLOBAL SCRUTINY SOFTWARE#
Although these requirements will apply only to suppliers to the federal government, any improved security should benefit other organizations that use the same software (and suppliers should expect state governments and private organizations to copy procurement requirements). The standards on software development are likely to have the greatest security impact (and impose the greatest burden) as they will impose new security and disclosure requirements on software developers that the National Institute for Standards and Technology (NIST) is now developing.

On May 12, 2021, President Joe Biden signed the Executive Order on Improving the Nation’s Cybersecurity. Policy Initiatives from the Top (and Elsewhere) Here, we discuss recent notable actions on cybersecurity by federal and state government agencies. And although much of this early action targets specific sectors (e.g., government contractors, pipeline operators, and public companies), these requirements will indirectly touch companies in other sectors and are a preview of broader regulation to come. It is unmistakably clear that companies in regulated sectors are entering a new era of cybersecurity regulatory compliance. In the past several months, multiple federal departments and agencies announced new policy initiatives and regulatory directives to drive their cybersecurity agenda forward, and state regulators are following the trend.
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After a series of high-profile supply chain and ransomware attacks, the federal government is ramping up its effort to improve the nation’s cybersecurity.
