Law360 (May 14, 2021, 9:56 PM EDT) – The Biden administration has taken an important step towards reducing a growing scourge of cyberattacks with a new executive order that not only imposes high cybersecurity requirements on the government federal and its contractors, but it is also a strong example that can affect private companies.
After injuring cyber attacks against software provider SolarWinds Corp. and major fuel supplier Colonial Pipeline, which reportedly paid hackers nearly $ 5 million to recover data blocked by the ransomware, President Joe Biden signed an executive order on Wednesday that forced government agencies and companies to they hire to strengthen their cybersecurity and share …
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