Source: National Cyber Security – Produced By Gregory Evans
When, on Wednesday, the New York Stock Exchange halted trading, The Wall Street Journal website went down, and United Airlines grounded flights – all practically at the same time – it seemed like a well orchestrated cyber attack had been launched against high-profile US businesses and organizations. As it turned out, the outages were the result of technical problems and network connectivity issues. Still, I bet that for a brief moment, the US government and authorities worried that the moment that many security experts have warned about for years has come: a coordinated, widespread cyber attack against the country and its businesses. As it happens, insurance market Lloyd’s of London has, on the same day, published a research report produced with the help of the University of Cambridge Centre for Risk Studies, which investigates how a severe cyber attack against the US power grid could affect US businesses and what the impact on the US economy would be. While the research and report was made to help insurance companies develop insurance solutions for the digital age, it can also help US decision-makers evaluate the risk of such a scenario, and hopefully push them into doing something to make it less […]
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