Cyber Resilience: A Business Imperative CISOs Must Get Right
CSO Online, Thursday, May 16th, 2024
With ransomware at an all-time high, companies need to understand that being cyber resilient means going beyond compliance to considering all aspects of a business, from operational continuity to software supply chain security.
In May 2021, when Colonial Pipeline was targeted by the DarkSide hackers, CEO Joseph Blount made the highly controversial decision to pay the $4.4 million ransom. The attack put critical US infrastructure in jeopardy, resulting in daily briefings to President Joe Biden, and Blount justified the ransomware payment as necessary for the country, describing this decision as one of the most challenging in his career.
'We were in a harrowing situation and had to make difficult choices that no company ever wants to face,' Blount told the US Senate Homeland Security and Governmental Affairs Committee.