
At least three Virginia government entities — Albemarle County, Gloucester County, and the Office of the Attorney General — were subjected to ransomware attacks in 2025. In myย most recent Oinkonomics podcast, Secretary of Finance Steve Cummings touched upon the Youngkin administration’s approach to cyber-security. โ JAB
Cummings: My former life was a banker. My last stop was I was CEO of a $6 billion revenue bank owned by the Japanese, highly regulated by the Fed, by the OCC, by the SEC. And I spent most of my regulatory time on cyber. And as you can imagine, that is top of the priority list. If you look at finance, what I would say to everybody as I was pulling my team together, hey, folks, weโre going to do things differently. We are the bank. We collect the revenues. We manage those funds when they come in to optimize them, and we pay all the bills through DOA.
Why do you rob a bank? Itโs because where the money is. We are the number one target. And we had those three agencies, which is the core, all doing it differently, completely independently, different tools, different standards, different tracking, and at much different levels of maturity of execution. So, I said, I donโt care what you say about the incidents. We got to get this fixed.
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