FT News Briefing SolarWinds software hijacked, Electoral College confirms Biden, Federal Reserve meeting preview
Dec 15, 2020
The podcast unpacks the striking SolarWinds cyber-attack, revealing its widespread impact on government and businesses alike. Experts analyze potential state actors behind the breach and the urgent U.S. responses. Meanwhile, Joe Biden's confirmation as president unfolds amidst election challenges. The show also delves into the Federal Reserve's strategies, including insights on bond-buying policies and predictions for interest rate hikes—set to remain unchanged until late 2023. Tune in for a mix of politics, finance, and cybersecurity!
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SolarWinds Hack
- Hackers compromised SolarWinds software, impacting up to 18,000 organizations.
- Government agencies, including Commerce, Homeland Security, and possibly Treasury, were affected.
Suspected Culprits
- The attack, potentially by Russia or China, seems like espionage.
- It exploited SolarWinds software used by various organizations globally.
Response to the Hack
- The US government issued an emergency directive.
- Organizations are checking systems and SolarWinds is working on a fix, but data may be compromised.