Why hacking will be the root of next world war? There have been major hacking cases to make headlines in the last couple of years.
Between 2014 and 2015, companies like: Sony, Home Depot, Ebay, JPMorgan and more have all been affected by hackers. In each instance, hackers made out with millions of records from consumers. It’s unsettling to talk about, but it’s important to be aware. There may be more incidents like this in the future.
At the start of the year, Wired.com wrote a prediction of what security threats we should be aware of this year, and in the future. A few points from their analysis include:
By this, Wired means attackers will threaten to release sensitive company or customer data if the victim doesn’t pay up or meet some other demand. Extortion, if not handled well, could reveal company secrets, initiate customer lawsuits, and executives could lose their jobs. (As we saw with Sony.)
Attacks That Change or Manipulate Data
Have you seen the movie Office Space? Even the smallest data changes can mean big consequences. Attackers could potentially get into financial and stock-trading systems to alter data and force stock prices to rise or fall, depending on their aim.
Just because credit card security has been changed and updated, doesn’t mean fraud will go away – Wired predicts it will simply shift from brick-and-mortar stores to online retailers.In the UK, where chip-and-PIN cards have been used since 2003, card-present fraud—transactions done in person—has dropped. But fraud for card-not-present transactions—those completed over the phone or online—increased from 30 percent to 69 percent of total card fraud between 2004 and 2014, according to the UK Payments Administration.
The World Economic Forum predicts the medical industry, in particular may have the most to lose. One of the organizations who faced a breach in 2015 was Anthem Blue Cross, a major insurance company. According to World Economic Forum, Anthem’s breach sent a wave of panic through the healthcare industry. It exposed clients’ most sensitive and valuable personal information. It also revealed just how unprepared the health industry was to threats from increasingly sophisticated cyber criminals.
How does this relate to future wars?
When a war begins, the initial aggressor wants something, and violence is typically the force that yields war. Shooting wars are expensive and dangerous. Cyberwar is cheap and discreet. It is possible to conduct a cyberwar without the victims knowing (or at least being able to prove) who their attackers are.
What do you think? Is the idea of cyber war a realistic threat? What can we do to proactively protect our business and ourselves?