Not really news, Biden
"We've seen how cyber threats, including ransomware attacks, increasingly are able to cause damage and disruption to the real world"
We have indeed - for decades, and it gets worse rather than better as time passes. But there wouldn't be anything like such a scale of threat if we could persuade developers to write software that wasn't littered with rather obvious silly errors. There are no more than around half a dozen critical metal-level cock-ups that have kept getting perpetrated for some four decades, and with all their rigor, even OWASP only cite 10 common critical web development errors. That's (being generous) less than 20 things any developer should know about and avoid - but they don't and they don't. So we have fragile bug-riddled software that requires constant "updates", and for some bizarre reason we find that perfectly acceptable. Until we get breached.
Until software development becomes a real engineering discipline (with global verified standards and rigorous oversight of compliance with them) we'll continue spiralling downward into the pit, as, on the one hand, we rely on software more and more in every aspect of our lives, and on the other it becomes less and less trustworthy.