PanamaTimes

Thursday, Apr 18, 2024

Biden Says Ransomware Attack Caused "Minimal Damage" To US Companies

Biden Says Ransomware Attack Caused "Minimal Damage" To US Companies

"It appears to have caused minimal damage to U.S. businesses, but we're still gathering information," US President Joe Biden told reporters following a briefing from advisers.
President Joe Biden said on Tuesday the ransomware attack centered on the Florida information technology firm Kaseya seems to have inflicted only "minimal damage" on American businesses.

"It appears to have caused minimal damage to U.S. businesses, but we're still gathering information," Biden told reporters following a briefing from advisers.

"I feel good about our ability to be able to respond."

Friday's ransomware attack scrambled the data of hundreds of small businesses worldwide, including many in the United States. REvil, a prolific, Russia-linked cybercrime syndicate, took credit for the breach.

The president's comments follow a statement from Kaseya that the attack never posed a threat to critical U.S. infrastructure, which Biden declared off-limits during a summit with Russian President Vladimir Putin last month.

But the attack was another illustration of how cybercriminals believed to be operating from Russia are running amok in the United States. Biden has sought to push Putin to bring Russian cybercriminals to heel, so far to little visible effect.

Attacks have escalated recently. Last month REvil extorted meatpacker JBS into paying an $11 million ransom after snarling its supply chain. In May an intrusion by another Russia-linked group at major U.S. fuel transporter Colonial Pipeline led to panic buying, price spikes, and gasoline shortages up and down the East Coast.

White House spokeswoman Jen Psaki said earlier on Tuesday that senior U.S. officials would meet their Russian counterparts next week to discuss the ransomware menace.

"If the Russian government cannot or will not take action against criminal actors residing in Russia we will take action, or reserve the right to take action, on our own," she said.

The Russian Embassy in Washington and the U.S. National Security Council did not immediately return messages seeking further details about the meeting.

On Wednesday, Biden will meet with officials from the Justice Department, State Department, the Department of Homeland Security and the intelligence community to discuss ransomware and U.S. efforts to counter it, Psaki said.

The hack that struck Kaseya's clients - many of whom are back office IT shops commonly referred to as managed service providers - did not have the same kind of impact in the United States as the ransoming of Colonial Pipeline.

Disruption elsewhere was more severe.

In Sweden, many of the 800 grocery stores run by the Coop chain are still in the process of recovering from the attack, which knocked out most of its supermarkets, though a spokesman told Reuters "we have more open stores than closed ones now."

In New Zealand, 11 schools and several kindergartens were affected.

Germany's cybersecurity watchdog, BSI, said on Tuesday that it was aware of three IT service providers in Germany that have been affected, with a spokesperson estimating that several hundred companies were touched overall.

"In Germany there are no cases as prominent as the one in Sweden," the spokesperson added.

The hackers who claimed responsibility for the breach have demanded $70 million to restore all the affected businesses' data, although they have indicated a willingness to temper their demands in private conversations with a cybersecurity expert and with Reuters.

Kaseya's CEO told Reuters on Tuesday he would not reveal whether his company planned to pay the ransom or not, or even whether it was negotiating with REvil.

Psaki said that while the administration discouraged such payments, questions about whether the data would be ransomed should be directed to Kaseya.
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×