Wednesday, 7 October 2015

Focus on private sector to secure national cyberspace

Ready, Fire, Aim!

The recent news cycle has been short on hard data and long on speculation about the headline-grabbing suspected security breaches affecting US targets as diverse as a stock exchange, a major airline, and a business newspaper.

The nationwide grounding of United’s entire fleet on July 8, its second in as many months, reportedly due to “automation issues” stemming from a “network glitch”, could have raised a few eyebrows on its own, especially in the wake of the largest compromise of US Federal systems in history – the OPM breach.

Same day’s unprecedented suspension of daily trading at the New York Stock Exchange started to stoke fears of a large-scale cyber attack against major commercial targets. The website outage at the World Street Journal same
afternoon was the third strike many a pundit seemingly needed before calling the day’s proceedings yet another round in the US-China cyber slugfest. Suspicions spiked again two days later on July 9 after news about TD Ameritrade suffering oddly similar “trading issues” due to a “software update”.

 

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