FBI director says cybersecurity threat is increasing “almost exponentially”

Axios

Erin Doherty

Cyber threats are increasing at a rapid pace, FBI director Christopher Wray warned on Thursday.

Why it matters: Multiple federal agencies and U.S. businesses — including meat producers and oil pipelines — have been breached this year, raising alarm for the nation’s cybersecurity.

What he’s saying: “We think the cyber threat is increasing almost exponentially,” Wray said at a House Judiciary Committee hearing. “Ransomware alone, the total volume of amounts paid in ransomware has tripled over the last year, we’re investigating 100 different ransomware variants.”

“We’re obviously investigating scores and scores and scores of nation state intrusions and other kinds of cyber criminal attacks, so the scale of this is something that I don’t...

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