A month before September 11, 2001, President Bush was given his Presidential Daily Briefing (PDB), with an item entitled,“Bin Laden Determined to Strike the U.S.” The PDB didn’t contain any specific evidence of an impending attack; just that federal agencies had bits and pieces of information indicating a desire to attack the U.S. The problem, as the 911 Commission pointed out, was that the intelligence agencies failed to share with one another what they felt was insignificant intelligence.
Lack of an effective independent cyber threat information sharing puts the nation’s economic stability in grave danger.
Today, American banks and financial institutions are fighting a quite war. This war is raging on the cyber front, with attacks from foreign governments (Russia, China, North Korea and Iran); criminal syndicates; terror organizations, and so-called “lone-wolf” actors.
All continually attempt to access banks’ computer networks. Fighting this war is not cheap. A 2015 MarketsandMarkets report estimated private spending on cyber-security to rise to $170 billion in 2020. ......To Read More....
No comments:
Post a Comment