For instance, Jason Sherman of InsideDefense.com notes that the same 2011 law directing creation of a streamlined system for developing cyber solutions also included safeguards to assure procurement rules were not bypassed.
FORBES: Pentagon Tech Chief Points To Big Problem In Protecting Networks
Indeed, it was widely assumed that many companies did not report loss of confidential information or a disruption to their computer system caused by a cyber incident for fear of damaging their reputation with investors, customers, and their employees, and highlighting their vulnerabilities.
FORBES: Disclosing Cyber Security Incidents: The SEC Weighs In
Despite this, and prior to recently released guidelines from the Division of Corporation Finance of the Securities and Exchange Commission, there were no guidelines as to when a corporation should publicly disclose the loss of confidential information or disruption to a system caused by a cyber incident even where the incident caused financial losses.
FORBES: Disclosing Cyber Security Incidents: The SEC Weighs In
The possibility of a cyber-attack on the world's ever more interlinked energy system is another concern.
The Mega cyber-locker service will be a sequel to the popular Megaupload system that was shut down in January 2012.
Also, we cannot ignore our cyber-infrastructure, such as building a 21st Century wireless broadband system that will power the companies of the future.
Cyber warfare has already been unleashed on the computers that form the central nervous system of today's grid.
But what tech czar Kendall sees is that cyber threats morph too fast for the deliberative procedures of the current military development system, and they hopscotch across geographical and bureaucratic boundaries in a way that no conventional law-enforcement agency could match.
FORBES: Pentagon Tech Chief Points To Big Problem In Protecting Networks
He sees a two-platform system as a "weakest link" scenario, in which a determined cyber-intruder will seek out the more vulnerable of the two targets.
For years, the focus has been on little else but getting costs down, with the result that the system does not have up-to-date equipment, the spare parts, the cyber-security research, or other programs, processes, or institutional capabilities we need.
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In its 2011 Annual Global Risks Report, the WEF warned the world's economy could not withstand any further shocks to the system and identified 37 main threats to its future stability, from crippling government debt and cyber security, to unsustainable pressure on resources and food security.
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