Shaw Capital Management: Cyber World War Warning from Security Experts

http://shaw-capitalmanagementfactoring.com/2011/11/shaw-capital-management-cyber-world-war-warning-from-security-experts/

The major Internet security specialist cautioned Tuesday that the cyber terrorist assault having “catastrophic consequences” currently seemed significantly probable in the world in a condition close to cyber war.
Talking outside of an international meeting on Internet security in London, Eugene Kaspersky, the Russian mathematics genius, explained to Sky News the danger was actual and present a real danger.
“I don’t want to speak about it. I don’t even want to think about it,” he stated. “But we are close, very close, to cyber terrorism. Perhaps already the criminals have sold their skills to the terrorists — and then … oh, God.”
Based from Shaw Capital Management research – Kaspersky, who started an Internet security business having a worldwide hit, claimed he thought that cyber terrorism has been the largest instant danger confronting countries as varied as China as well as the U.S.
“There is already cyber espionage, cyber crime and hacktivisim [when activists attack networks for political ends] — soon we will be facing cyber terrorism, “he explained.
U.K. Prime Minister David Cameron, speaking in the London Cyber Conference, put into the expanding chorus of global leaders sounding this internet alert.
“We are here because international cyber security is real and pressing concern,” he was quoted saying. “Let us be frank. Every day we see attempts on an industrial scale to steal government secrets — information of interest to nation states, not just commercial organizations.
“Highly sophisticated techniques are being employed … These are attacks on our national interest. They are unacceptable.”
The guy cautioned that “we will respond to them as robustly as we do any other national security threat.”
The U.S. as well as U.K. employed the convention setting out guidelines they expect may constitute the foundation of worldwide cooperation in internet governance, by which states work jointly upon concerns like security and copyright safeguard without imposing new limitations upon customers, The Wall Street Journal revealed.
The convention that was joined in by business and government leaders coming from around the globe demonstrates how internet security has vaulted around the international policy agenda. Yet it’s as prone to showcase arguments around consensus, along with China among others as interested in clamping down on online users compared with closing the door on criminals as well as spies.
“How do we achieve security for nations, people and business online without compromising the openness that is one of the Internet’s greatest attributes?” US Vice President Joe Biden told the assembly by way of video link.
Secretary of State Hillary Clinton had terminated her attendance because her mother passed away.
U.K. Foreign Secretary William Hague mentioned whatever issues arise, the fast progression of the Internet signifies talks of the future and governance should proceed to a global phase.
“The truth is that in cyber space, no one country can do it alone,” he said to the discussion in the beginning statement Tuesday. “In the place of today’s cyber free-for-all, we need rules of the road.”
Hague proclaimed seven guidelines as the grounds for more appropriate co-operation, this includes “the need for governments to act proportionately” on the internet as well as in agreement with international law; safeguard regarding freedom of expression; respect for privacy and copyright; as well as recommended mutual action against criminals acting on-line.
The U.S. official claimed the principles had been mainly in line with U.S. cyber strategy and the assembly had been substantial since it aided carry the Internet through merely a technical discussion to worldwide diplomacy.
Authorities coming from 60 nations are participating for the two-day assembly. Among them is China, of which some officials in the U.K. and U.S. have charged with orchestrating a campaign of cyber espionage directed for thieving the intellectual property in their biggest corporations.