There has been an alarming increase in the volume of apparently successful cyber attacks being brought to the public's attention recently.
Whilst this article comments on the responsibilities of government to step up and get more deeply involved, those insurers that have exposed themselves to Cyber Risk are surely as keen to drive through some enhanced controls and security measures.
One fears that attacks like this could start occurring more regularly, and as we all know, a chain is only as strong as it's weakest link... and the web connects us all.
Scott Shackelford, the chair of the Cybersecurity Program at Indiana University in Bloomington, said that the past progress toward setting international norms for behavior in cyber space “is in danger of eroding.” “What’s needed is leadership, and right now that’s in dangerously short supply, especially coming from Washington,” he said. Hollis, the Temple professor, said American leaders at the very least needed to speak up. “We’re in this era right now that’s almost a constitutional moment for cyber security and cyber space,” he said. “When you’re silent in the face of bad behavior, that does sort of imply that it’s permissible.”