As you know, one of the sites on the internet that I like to frequent is phys.org, for the wealth of new technologies and concepts it covers. But this one caught my eye for wholly different reasons:
This article comes in the wake of mysterious algorithmic trading on Wall Street, and growing signs of escalated foreign cyber-economic warfare, possibly of Russian and Chinese origin. Consider this statement:
"Panetta warned of a 'significant escalation of the cyber threat," with foreign actors targeting "critical infrastructure networks,' including systems that operate chemical, electricity and water plants, as well as transport."
'"For these kinds of scenarios, the department has developed the capability to conduct effective operations to counter threats to our national interests.' Although he avoided the word 'offensive' to describe operations or capabilities, Panetta's speech clearly implied that the military would be empowered to take the initiative in the cyber realm."
"Panetta warned of a 'significant escalation of the cyber threat,' with foreign actors targeting "critical infrastructure networks," including systems that operate chemical, electricity and water plants, as well as transport. He laid out dire scenarios in which hostile states or groups could seize control of vital networks. The result could be 'cyber-Pearl Harbor': an attack that would cause physical destruction and loss of life, paralyze and shock the nation, and create a profound new sense of vulnerability," he said. "An aggressor nation or extremist group could gain control of critical switches and derail passenger trains, or trains loaded with lethal chemicals. 'They could contaminate the water supply in major cities, or shut down the power grid across large parts of the country,' he said.