The Daily

Who is Hacking the U.S. Economy?

Jun 8, 2021
Nicole Perlroth, a New York Times cybersecurity reporter, dives into the rising threat of ransomware attacks that have targeted major U.S. industries like Colonial Pipeline and J.B.S. She discusses the alarming implications for economic stability and public safety. Insights into the organized crime networks behind these attacks, especially the role of Russian hackers and groups like DarkSide, reveal a complex web of cyber threats. Perlroth also emphasizes the urgent need for stronger cybersecurity measures and international cooperation to counter this growing menace.
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ANECDOTE

Recent Ransomware Attacks

  • Recent ransomware attacks targeted Colonial Pipeline and JBS, impacting gas and meat supplies.
  • These attacks caused panic buying and price increases, revealing vulnerabilities in critical industries.
INSIGHT

Ransomware's Growing Threat

  • Ransomware attacks are not new, but they're increasingly targeting critical industries.
  • This shift has heightened public awareness and government response due to tangible impacts.
ANECDOTE

Evolution of Ransomware

  • Early ransomware targeted individuals with small fines for alleged illegal activity.
  • The 2017 WannaCry attack, using NSA tools, marked a shift towards targeting entire systems.
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