With ransomware and other hacks becoming big news over the past few years, it’s pointed out the vulnerabilities that governments have regarding cyber-attacks. Because of this, there have been considerable more initiatives sponsored by governments to address this problem.
Sometimes, the efforts through legislation lead to some direct effects on businesses. A great example of this is a new rule via the Federal Reserve and the Federal Deposit Insurance Corporation, or FDIC. The rule takes effect this April 1 and requires banks to report any significant cybersecurity incident within 36 hours.
By fostering more transparency and bringing together business and government experts, the hope is that cyber incidents can be resolved faster as well as recorded publicly to learn from potential mistakes. While this is more reactive than proactive, at least it is a step in the right direction.
How the White House has responded
One of the most prominent efforts with response to prevention has come from the White House. In 2021, the Biden Administration released an executive order that focused on cybersecurity, including removing the rules that once governed individual agencies which made it more difficult for them to share information. “Removing these contractual barriers and increasing the sharing of information about such threats, incidents, and risks are necessary steps,” the order states.
The executive order is meant to bring out more deterrence, response and prevention of cybercrime, while also making it easier to collect and maintain data concerning attacks in general. There are also predictions that businesses and government will be working more closely together on prevention efforts.
One particular group, the Advanced Cyber Security Center, is already working between those two groups to develop potential policies and techniques to combat cybercrime. It makes sense to collaborate since that’s exactly what the hackers are doing — and they are working together without any kinds of boundaries.
A solution for cybercrime through Zero Trust
With so many different areas in a system where a cyberattack can occur, it makes sense to find a solution that ensures the greatest amount of safety along with protection you can trust. That’s true of the solution that we at CHIPS provide: AppGuard.
As a part of Zero Trust, location doesn’t become a factor, since internal trust privileges aren’t granted to the system assets themselves. Authorization begins before a session is used, so it becomes a built-in safeguard against hacking and other cybercrimes.
We have set aside time online for senior business leaders, board members and IT professionals to see a live demo of AppGuard. Go to our Calendly site to see the dates and times currently available. You can also visit Prevent-Ransomeware.com to learn more about how we can add value to your organization.