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Ransomware Attacks Escalating, White House Warns All U.S. Businesses, 'No Company Is Safe'

Ransomware Attacks Escalating, White House Warns All U.S. Businesses, 'No Company Is Safe' Read Transcript


- If you're keeping score,

there have been four major cyber attacks

in the US in recent weeks.

Three of them blamed on badactors in Russia or China.

From food to transportation to fuel,

America's infrastructure is under attack

and experts say there'slikely more to come.

The most recent attack happenedWednesday near Cape Cod.

Criminals hacking the ferry to Nantucket

and Martha's Vineyard and demanding ransom

just as the summer season picks up.

The FBI now says the JBSfood distributor hacked

last weekend points tocriminals in Russia.

Meat production now returningto normal at US plants

and officials safe foodquality was not impacted.

May's Colonial Pipelinehack impacted the entire

East Coast sending fuel prices soaring

and prompting long lines at gas stations.

Authorities say Russian hackerswere also behind this one.

And the nation's largesttransit system in New York City

now revealing an attack in April

when officials sayChinese actors penetrated

their system with minimal effects.

This memo from the White House Thursday

with a clear warning saying in part,

"all organizations mustrecognize that no company is safe

from being targeted by ransomware,

regardless of size or location."

- Business leaders have a responsibility

to strengthen their cyber defenses,

to protect the Americanpublic, and our economy.

Companies that view ransomware as a threat

to their core business operations,

rather than a simple riskof data theft will react

and recover more effectively.

- [Eric] It's a disturbing trend that,

while not a new crime, isgrowing according to experts.

- We've observed or observedevidence of ransomware attacks

that over 80 food andbeverage companies that led

to disruptions from ransomwareover the last few years.

This problem is escalating

and getting increasingly out of hand.

- [Eric] Security officials saythis is now the main warfare

with the potential to be moreimpactful than any other.

And they say now is not thetime to be caught unaware.

- I think the takeaway right now is if

you're a corporate executive or a state

and local government agency head

and you thought that you would be spared,

that criminals wouldn'tgo after you, guess what?

They went after our gas andthey went after our hotdogs.

No one is out of bounds here.

- While the president signedan executive order laying

out new cyber defense plans last month,

the White house is quick to say

that they can't do it on their own.

They need businesses totake steps of their own.

And as the president heads into a meeting

with Russian President VladimirPutin later on this month,

you can be sure that theactions of criminals and Russia

that have negatively impactedthe US will surely come up.

Eric Philips, CBN News.

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