Cyber Attacks Do More Damage Than Physical Attacks

Previous Head the US Dept. of Homeland Security thinks that digital attacks are now more dangerous & damaging than physical attacks.

If you still doubted the importance of stronger digital security to businesses even after the now-infamous Sony Pictures hack of 2014,  Former US secretaryf the Department of Homeland Security Tom Ridge’s comments at the Concordia Summit recently in New York might convince you. The former (and first ever) secretary of was part of a panel on cybersecurity, and opened his remarks by mentioning recent incidents in New York, New Jersey, and Paris.

“Notwithstanding the pain and horror associated with a physical attack,” Ridge said, “the potential for physical, human, and psychic impact with a cyber-attack, I think, is far more serious.”

That’s right: Digital attacks are now more dangerous and damaging than physical attacks, Ridge argues. Ridge made his case further by adding that a cyber-attack can have “much more significant impact on the country’s psyche… We live in the digital forevermore, and that risk is dynamic, it continues to morph, continues to get more serious, actors get better financed.

That “digital forevermore” is an apparent pet phrase of Ridge’s these days, and it makes sense. While the Sony hack is everyone’s favorite example, big companies like Home Depot, Anthem, Blue Cross, Starwood, and Target have been targeted in the past two years. Many different news outlets called 2015 “the year of the hack.”

And it isn’t always hacker groups, but too often, countries hacking each other. “Nations are using cyber as an element of national power,” said retired US Army General Keith Alexander, “not only to collect information but to hit other countries. It’s continued and will continue to grow.”

One potential solution, the panelists agreed: better sharing of information between governmental departments, and between government and the private sector. Reginald Brothers, Homeland Security’s undersecretary for science and technology, stressed the need for information-sharing. In late April, Brothers helped organize Homeland Security Day in Silicon Valley, an “ideation event” where representatives of the government brainstormed and collaborated with tech entrepreneurs in Menlo Park.

Brothers said a topic of particular interest was what Homeland Security can do with respect to the Internet of Things, a now-common term for the many Web-connected devices that fill our homes and lives.

“In this whole idea of partnering up with industry, a huge part is information-sharing with respect to threat factors,” Brothers said, “but a second part is getting the creativity from all of you to help us do the best job we can for the department and the nation.”

Ridge’s point, Alexander’s point, and Brothers’ point can be taken in tandem, cyber-attacks are getting worse; they are now coming even from nations, not just hacker groups; the damage of cyber-attacks can often be worse than physical attacks; and if Silicon Valley innovators can work with government, the threats could be somewhat alleviated.

Yahoo Finance
 

« AI Is Replacing Human Made Decisions In The US Military
Something To Hide? Apple Will Share Your iMessages With The Police »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

Authentic8

Authentic8

Authentic8 transforms how organizations secure and control the use of the web with Silo, its patented cloud browser.

Directory of Cyber Security Suppliers

Directory of Cyber Security Suppliers

Our Supplier Directory lists 7,000+ specialist cyber security service providers in 128 countries worldwide. IS YOUR ORGANISATION LISTED?

BackupVault

BackupVault

BackupVault is a leading provider of automatic cloud backup and critical data protection against ransomware, insider attacks and hackers for businesses and organisations worldwide.

The PC Support Group

The PC Support Group

A partnership with The PC Support Group delivers improved productivity, reduced costs and protects your business through exceptional IT, telecoms and cybersecurity services.

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

Hotlava Systems

Hotlava Systems

HotLava network adapters enable today's powerful servers and workstations to deliver more productivity by reducing congestion at the network interface.

LogmeOnce

LogmeOnce

LogmeOnce provides users with solution to multiple Password problems, Single Sign-On (SSO), and Identity Management.

TestFort

TestFort

TestFort QA Lab is a specialized software testing company offering independent quality assurance and software testing services.

Secure Technology Alliance

Secure Technology Alliance

Secure Technology Alliance is a multi-industry association working to stimulate the adoption and widespread application of secure solutions.

Encore Media Group

Encore Media Group

Encore Media Group provide an international enterprise technology event series exploring IoT, Blockchain AI, Big Data, 5G, Cyber Security and Cloud.

NewGens

NewGens

NewGens is a solution and service provider to banking institutions in the APAC region. Areas of expertise include cybersecurity, AML, fruad prevention, compliance and risk management.

Security Innovation Network (SINET)

Security Innovation Network (SINET)

SINET is dedicated to building a cohesive, worldwide Cybersecurity community with the goal of accelerating innovation through collaboration.

Forgepoint Capital

Forgepoint Capital

ForgePoint Capital is a premier venture investor for early stage cybersecurity companies.

Founder Shield

Founder Shield

Founder Shield is a data driven insurance brokerage focused excusively on rapidly evolving high-growth companies.

Elevate Security

Elevate Security

Elevate is the leading Security Behavior Platform, changing employee security habits while giving security teams unprecedented visibility.

Industrial Control System Information Sharing and Analysis Center (ICS-ISAC)

Industrial Control System Information Sharing and Analysis Center (ICS-ISAC)

ICS-ISAC is a non-profit, public/private Knowledge Sharing Center established to help facilities develop situational awareness in support of local, national and international security.

Speedinvest

Speedinvest

Speedinvest is one of Europe’s most active early-stage investors with a focus on Deep Tech, Fintech, Industrial Tech, Network Effects, and Digital Health.

Grindstone Ventures

Grindstone Ventures

Grindstone Ventures is a post-seed fund that supports post-seed equity and quasi-equity investments in early-stage innovation-driven and/or technology companies.

Actelis Networks

Actelis Networks

Actelis Networks is a market leader in cyber-hardened, rapid deployment networking solutions for wide-area IoT applications.

Mantodea Security

Mantodea Security

Mantodea Security is an industry-agnostic powerhouse backed by extensive experience and expertise in the realm of IT security.

Odaseva

Odaseva

Odaseva delivers the strongest data security solution for enterprises running on Salesforce, safeguarding confidentiality and integrity of critical business information.