According to a June 2 article in ‘The Wall Street Journal’, companies are witnessing a continual cycle of cyberattacks, and executives are saying enough is enough.
During a cybersecurity executive forum held by the ‘Journal’, Kevin Mandia, CEO of cybersecurity firm FireEye, stated that ransomware attacks have become intolerable for several countries.
Mandia said “Pharmaceuticals, hospitals, healthcare, public companies, organizations that don’t have the talent and skills to defend themselves—they’re getting sucker-punched,”
Ransomware is simply one sort of cyberattack in never-ending. Marene Allison, Johnson & Johnson’s (J&J) Chief Information Security Officer (CISO) said that J&J encounters around 15.5 billion cybersecurity incidents per day.
Marene said “You will see attacks, whether it be through your email, through your systems, through your network, all day long,” and added “Twenty-four by seven from around the world.”
International standards governing how to respond to cyberattacks by foreign hackers are insufficient. According to her, the United Nations articles do not provide many possibilities for a country to defend itself. A country may, for example, break diplomatic ties or disrupt communications.
“Some of those were written when warships had to come to the U.S. and take a cannon and fire,” she said. “Today in cybersecurity, it’s much different.”