DANGER AHEAD: Cyber Hacking On The Rise

Cyber threats to world economies is growing daily

DANGER AHEAD:

Cyber Hacking On The Rise

Colonial Pipeline was hit with a devastating ransomware cyberattack in May 2021 that impacted computerized equipment managing the pipeline. The attack forced the company to shut down approximately 5,500 miles of pipeline in the United States, crippling gas delivery systems across the Southeast and Mid Atlantic states and panicking consumers.

By William Jones and D.S. Mitchell

Terrorists. Criminals and Cowboys

The ongoing digitization of all aspects of modern life should be concerning.  Governments world-wide are facing new challenges to keep both business and government secrets private in an increasingly threatening world of cyber criminals, state sponsored terrorists, and cowboy hackers. With increasing online and data usage, government databases have become primary targets for hackers and other cyber terrorists and criminals. Recent events have shaken the U.S. government and citizen confidence. Hackers can compromise data and as Chris Krebs said recently, ransomware attackers are the greatest threat to our digital world. Krebs served as Director of the Cybersecurity and Infrastructure Security Agency in the United States Department of Homeland Security from November 2018 to November 2020.

Cyber Warfare

Cyber warfare is defined as actions by a nation-state to penetrate another nation’s computers or networks to cause damage or disruption. It may also include non-state actors, such as terrorist groups, private companies, political or ideological extremist groups, criminal organizations, and activists.  Cyber attacks  have been a cause of concern for years, as the frequency of data breaches has increased along with their complexity and (economic, military, and political) implications, including elections and military catastrophe an ever growing possibility.

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