Cohesity CTO calls for new vaccines against EU ransomware threat

TLDR:

• Ransomware attacks on critical IT infrastructures are a growing concern, highlighted by the recent Synnovis attack.
• New regulations in the EU and US aim to increase transparency and reporting obligations for cyber incidents.

In the wake of the recent Synnovis ransomware attack, Cohesity CTO Mark Molyneux emphasizes the urgent need for new “vaccines” to combat the growing ransomware pandemic affecting critical IT infrastructures. The attack on the London-based pathology laboratory resulted in significant disruptions to hospital operations, underscoring the vulnerability of healthcare systems to cyber threats despite existing security measures.

Molyneux points to the rise of ransomware attacks in various sectors globally, with governments and regulatory bodies responding with stricter reporting obligations and proposed bans on ransom payments for critical infrastructure organizations. The EU’s NIS2 and Dora regulations, along with the US Biden administration’s Cyber Incident Reporting Act, aim to enhance transparency and accountability in the face of escalating cyber threats.

Companies are urged to take steps towards enhancing cyber resilience, including understanding and classifying their data, regulating access, and implementing contingency plans to survive attacks. Cohesity’s recommendations emphasize the importance of transparency, control, and preparedness in the face of evolving cyber threats.