Joe Biden's Executive Order On Cybersecurity Explained

2 years ago
10

Which US companies will benefit most from President Joe Biden's Executive Order on Cybersecurity?

On May 7, 2021, a relatively unsophisticated ransomware attack shut down America's largest fuel pipeline for days, resulting in gas shortages, price spikes, and consumer panic.

In light of these recent significant attacks targeting the US government, the Biden administration issued an Executive Order (or EO) on cybersecurity on May 8, 2021. The 18-page Executive Order calls for the federal government and private sector to work together to combat “persistent and increasingly sophisticated malicious cyber campaigns” that threaten U.S. security.

The question remains as to which companies will benefit the most from this EO?

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