Now Morgan Stanley joined a growing list of prominent corporate brands to suffer data breaches, after one of his financial advisors stole the information of as many as 350,000 wealth management clients. Many other large companies including Adobe Systems, Automated Data Processing, Citigroup, E*Trade Financial, Fidelity Investments, Home Depot, HSBC, JPMorgan Chase, Nasdaq OMX, Neiman Marcus, Sony, Target and Wal-mart had suffered high-profile cyber security breaches. Who is next? Edgar Perez, author of Knightmare on Wall Street, will discuss what consumers and investors need to learn from these cybersecurity incidents in the United States at Cyber Security World Conference 2015 New York City, on January 9. More information at http://cybersecurityworldconference.com.
“The attackers are ahead of the defenders in cyber space”, warned Deputy Defense Secretary William Lynn in remarks to the Department of Defense cyber strategy. Lynn further noted that “the technology for intrusions is far ahead of the technology for defenses”.
While the U.S. offensive capability is unmatched at present, the defensive dimension remains dangerously weak by leaving open for our adversaries targets that are both vulnerable and highly valuable.
Admiral Mike McConnell echoed this warning in his concern that the U.S. Cyber Command could not defend the country as Washington’s current cyber-command structure is predominately focused on defending the Pentagon along with a few other government agencies, but not the civilian infrastructure.
“All the offensive cyber capability the U.S. can muster won’t matter if no one is defending the nation’s private-sector infrastructure from a cyber attack“, stated the Admiral. Until the U.S. figures out the defensive end of…
View original post 672 more words
The Asian Century Report 