Foreign cyberattacks will make US policy more coercive
Tuesday, April 6, 2021
Significance
These sprints are part of a wider overhaul of national cybersecurity necessitated by the recently uncovered Russia-linked SolarWinds hack and the China-linked Microsoft Exchange hack. These are the two largest known attacks against the country.
Impacts
- Federal rules on government procurement of IT hardware and software will tighten, increasing compliance costs for private vendors.
- Several new ransomware and other cyberattacks linked to Microsoft Exchange servers are likely to surface in coming months and years.
- The SolarWinds and Microsoft Exchange hacks will cost billions of dollars in insurance costs and additional cybersecurity investments.