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On Thursday, June 10, Axios technology policy reporter Ashley Gold discussed the state of cybersecurity and the impact of software supply chains in preventing security breaches, featuring Sen. Mark Warner (D-Va.) and Thistle Technologies founder & CEO Window Snyder.

Sen. Warner discussed cybersecurity policy and the need for swift action from Congress.

  • On what policymakers need to do about cybersecurity: "Congress needs to act...We are working on a bill that would require mandatory reporting if you are a critical infrastructure company or a federal government contractor or the government itself...What we have right now is simply voluntary reporting."
  • On how to address cyber threats: "We need to up our game. We need to do better on defense. But defense alone will not solve this problem. We're going to need offensive capabilities. And that starts at least with making sure the government knows what's going on so we can bring those capabilities to bear."

Window Snyder unpacked trends in cybersecurity attacks as well as why technologies that depend on third-party components leave themselves more vulnerable.

  • On the increase in ransomware attacks: "I think there is an increase in these kinds of attacks with ransomware. There is a business model that's been established, it's been demonstrated successful for those criminals...The other end of it is that it feels more impactful to folks who are not deeply embedded in the industry because it's actually impacting things that consumers can feel."
  • How third-party technologies make security more complicated: "[Companies] are realizing that the technology products that they produce are not just built of components that they control, but are also incorporating third-party technologies that increase the complexity of these systems...The product is assuming all the security risks of risk of all of the components that it incorporates."

Axios Chief Revenue Officer Fabricio Drumond hosted a View from the Top Segment with Google vice president of security Royal Hansen who discussed how businesses can make their software supply chains more secure.

  • "You are incredibly dependent in every part of your life on software. And as the number of lines of code grows you only increase your dependence and the risk...It's going to take up businesses, not only the efforts to write their software more securely but to understand all of their dependencies and the vendors they use."

Thank you Google for sponsoring this event.

Go deeper

Updated 6 mins ago - Science

NTSB probes deadly Alabama crash as storm hits Southeast, Midwest

Flash-flooding in Bloomington, Indiana, on Saturday. Photo: Jeremy Hogan/SOPA Images/LightRocket via Getty Images

The National Transportation Safety Board announced Sunday that it's sent a team to Alabama to help investigate a fiery multi-vehicle weekend crash that killed 10 people, including nine children.

The big picture: Saturday's crash, south of Montgomery, occurred amid a tropical depression that left 13 people dead in Alabama as it triggered flash floods and spawned tornadoes that razed "dozens of homes" in the Southeast over the weekend, per AP. Parts of the Midwest, including Indiana and Chicago, where a tornado struck late Sunday.

Laurel Hubbard to become 1st openly trans athlete to compete at Olympics

New Zealand's Laurel Hubbard at the Gold Coast 2018 Commonwealth Games in Australia, when she became the first openly transgender athlete to represent NZ. Photo: Scott Barbour/Getty Images

The New Zealand Olympic Committee has announced that Laurel Hubbard has been selected for the women's weightlifting team for the Tokyo Games — making her the first openly transgender athlete to compete at the event.

The big picture: Hubbard, 43, is part of a five-member Kiwi weightlifting team and will compete in the women's super heavyweight category. Meanwhile, BMX rider Chelsea Wolfe will become the first openly trans athlete to travel to the Olympics with Team USA, when she arrives in Tokyo as a reserve rider.

American Airlines cuts hundreds of flights amid demand surge

Photo: Joe Raedle/Getty Images

American Airlines announced Sunday that it's cutting some 950 flights from its schedule, including 296 this weekend, to reduce potential pressure on its operations, the Wall Street Journal first reported.

Driving the news: The U.S. vaccine rollout has led to a massive increase in travel bookings. The airline noted in an emailed statement that it's facing an "incredibly quick ramp up of customer demand."