The Cost of Cyber Crime
Cyber attacks continue to occur frequently and result in serious financial consequences for businesses and government institutions.
As I mentioned yesterday, a panel of distinguished security experts spoke on the issue of cyber war at the Kaspersky Lab Cyber Conference. They could not come to a consensus on what, exactly, cyber warfare is.
However, all agreed that the threat of a cyber war and the escalation of cyber attacks and cyber threats need to be addressed on a global level.
Eugene Kaspersky, CEO of Kaspersky Lab, discussed the idea of creating an International Cyber Security Agency (ICSA) as an independent global platform for cooperation and treaties for non-usage of cyber weapons, as well as putting in place regulations to protect critical infrastructures from Stuxnet-like (or worse) attacks.
There is also the issue of who will police cyber threats and cyber crime. Would it be a branch of existing law enforcement or something entirely new? And would this cyber law enforcement operate on a global level or stay within national borders?
There was some discussion on how to fund a fight against cyber threats. In tough economic times, money for IT and security resources has been slashed. As Moran said, there is a serious lack of resources to fight cyber crime and cyber war, and that includes gathering the research necessary to develop new prevention strategies and staying one step ahead of the bad guys.
The bottom line is that the international community needs to rethink how wars will be fought and crimes will be committed. A single, well-planned cyber attack can take down entire cities, states or even countries, which is why action has to be taken now.