Hack Attack – Shutting Down the Economy

Successful hacker attack could cripple U.S. infrastructure, experts say – U.S. News.

A report tying the Chinese military to computer attacks against American interests has sent a chill through cyber-security experts, who worry that the very lifelines of the United States — its energy pipelines, its water supply, its banks — are increasingly at risk.

A unit of the Chinese Army is suspected in the most recent attacks.  But Iran and North Korea can’t be far behind.

[a] report considered blackouts lasting weeks or even months across large parts of the country, and suggested they could lead to public fear, social turmoil and a body blow to the economy.

What worries Dmitri Alperovitch, co-founder of the computer security company CrowdStrike, is a coordinated attack against banks that modifies, rather than destroys, financial data, making it impossible to reconcile transactions.

What would you do if there were no electricity for several weeks – no gasoline, no food in the stores, no phone, no Internet…

While the report Tuesday focused on China, the experts also highlighted Iran as a concern. That is because China, as a “rational actor” state, knows that a major cyberattack against the United States could be construed as an act of war and would damaging critical economic cooperation between the U.S. and China.

Iran has no economic stake in the US, so they have no motivation to hold back.

Where will this all lead?  Will US companies finally beef up their security?  And how much will it cost?  And finally, will it be enough to prevent a crippling attack?



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