By now everyone has heard about last week’s unprecedented cyber attack, in which a piece of ransomware known as “WannaCry” wreaked havoc across the world, impacting more than 150 countries and crippling hundreds of organizations—from global businesses to government entities and even Britain’s National Health Service.
As the attack made abundantly clear, the public and private sectors both have a long way to go in fortifying their defenses and combatting this evolving threat. The current approach to cybersecurity is untenable, and our vulnerabilities will only grow more apparent as destructive malware becomes easier to access and the number of malicious actors increases. The attack also underscored the importance of applying available security patches and updating software and operating systems, but there are additional measures that companies can and should take right now.
In this CNBC commentary, John Carlin, chair of Morrison & Foerster’s Global Risk and Crisis Management Group, explains how this historic attack could have been prevented and suggests practical steps companies can implement today to mitigate their risk of being victimized by similar attacks in the future.
Read John Carlin’s CNBC article.