White House memo urges immediate action by business

WASHINGTON – The Biden administration is urging corporate executives and business leaders to take immediate steps to prepare for ransomware attacks, warning in a new memo that cybercriminals are shifting from stealing data to disrupting core operations.

“The threats are serious and they are increasing,” wrote Anne Neuberger, President Joe Biden’s deputy national security advisor for cyber and emerging technology, in a June 2 memo obtained by CNBC from the White House.

“The private sector also has a critical responsibility to protect against these threats. All organizations must recognize…

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