WASHINGTON – The Biden administration is urging corporate executives and business leaders to take immediate steps to prepare for ransomware attacks, warning in a new memo that cybercriminals are shifting from stealing data to disrupting core operations.

“The threats are serious and they are increasing,” wrote Anne Neuberger, President Joe Biden’s deputy national security advisor for cyber and emerging technology, in a June 2 memo obtained by CNBC from the White House.

“The private sector also has a critical responsibility to protect against these threats. All organizations must recognize that no company is safe from being targeted by ransomware, regardless of size or location,” Neuberger wrote.

“To understand your risk, business executives should immediately convene their leadership teams to discuss the ransomware threat and review corporate security posture and business continuity plans to ensure you have the ability to continue or…

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