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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.
Keywords:
United States,
NA,
China,
Russia,
industry,
international relations,
computers,
private sector,
technology,
IT software & services
© Oxford Analytica 2021. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2021
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