Biden Administration calls on US private sector to help in cyber fight

The US Deputy Attorney General has called on companies in the private sector to help the government tackle the rising wave of cybercrime.

According to Carrier Management, Deputy AG Lisa Monaco highlighted during a cybersecurity roundtable that the government ‘cannot do this alone’, and is looking to corporate America to help in the fight against bringing cybercriminals to justice.

She remarked, “The bottom line is this – I believe it is bad for companies. It’s bad for America and it hurts our efforts to uphold the value that we try to demonstrate as a country if companies are attacked, and don’t partner with law enforcement.”

“Those who come forward will see that we are determined to bring our authorities to bear to be nimble in our response. We make arrests. We hold people to account. We get money back.”

Monaco stated that she is hoping to hear more from companies about potential roadblocks or challenges they face when deciding when and how to come forward to report cyberattacks to the US government.

Cybercrime has ballooned globally over the past year, with key attacks including the hack of the Colonial Pipeline in May. Other key cyber break-ins include ones on Kaseya, JBS Foods in Australia and Grupo Fleury in Brazil.

President Joe Biden recently said that the US will unite 30 countries to crack down on the threat posed by ransomware gangs worldwide.

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