Business Maverick: Biden Sees Risk of Russian Cyberattack on U.S. as Sanctions Bite

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President Joe Biden warned Monday about new indications of possible Russian cyberattacks, pumping up the volume on weeks of growing concern about a possible Kremlin-ordered response to crushing sanctions over the invasion of Ukraine.

Biden reiterated those warnings, prompted by what he called “evolving intelligence that the Russian government is exploring options for potential cyberattacks.” He urged the the U.S. private sector: “Harden your cyber defense immediately.”

Biden, in his statement, said “Critical infrastructure owners and operators must accelerate efforts to lock their digital doors.” “This is a wake-up call to people,” he said. “The Russians have explored U.S. critical infrastructure before in very extensive ways.” “We continue to see adversaries compromising systems that use known vulnerabilities for which there are patches. This is deeply troubling,” she said. “So we’re urging today companies to take the steps within your control — to act immediately to protect the services millions of Americans rely on.”

Steven Silberstein, chief executive officer of the Financial Services Information Sharing and Analysis Center, known as FS-ISAC, which shares cyber intelligence among financial institutions around the world, called the cybersecurity measures outlined by the White House on Monday “critical baseline practices” that should be implemented at all times. FS-ISAC and the financial services industry “remain vigilant to all cyber threats and anomalous activity.

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