By Mathew Schwartz
May 4, 2010
If a foreign entity stalks a local technology firm or power grid, where
does the responsibility lie?
Given society's increasing connectivity, security experts say that the
potential for devastating attacks launched via the Internet continues to
rise. Intellectual property, communications infrastructure, financial
systems, government services and even power networks are at risk of
Accordingly, the EastWest Institute (EWI) think tank this week in Dallas
gathers an expected 400 business leaders, policymakers, technology
experts and national security officials from 40 different countries. The
goal is to devise new, cross-border strategies for sharing information
and combating shared information security challenges.
By now, everyone knows the dangers of asymmetrical warfare -- surprise
attacks by small, simply armed groups on modern, high-technology
nations. And that's exactly what's happening online, where the low cost
of attack tools and apparently limitless supply of relatively low-cost
talent -- namely, hackers -- makes stealing large amounts of money
relatively simple and, at least criminally speaking, cost-effective.
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