MAD Concept of Deterrence Doesn’t Apply in World of Cyber War

The next world war may have already started, but the chances are that you may not have noticed it. That is because the new world of cyber warfare is taking place out of sight in places that only the initiated can see. Even then, it is not always clear who the participants are.

Nor is the damage that regularly occurs in the war clearly visible and the only way you would see it is when the war spills over into networks you use.

That was the conclusion by a panel of experts at the Carnegie Colloquium on 2 December at Carnegie Mellon University in Pittsburgh, USA. The topic at the Future of the Internet : Governance and Conflict conference was “Cyber Deterrence : Deterrence by Denial and the Vulnerabilities Debate”.

The panelists included Ariel (Eli) Levite (Nonresident Senior Fellow, Nuclear Policy Program, Carnegie Endowment for International Peace), Robert Schmidle (Lieutenant General, United States Marine Corp, Retired) and Chris Valasek (Security Lead, Uber Advanced Technology Center).

FULL STORY : www.eweek.com/security/mad-concept-of-deterrence-doesnt-apply-in-world-of-cyber-war.html

DATE : 3 December 2016

SOURCE : eWeek

Russia says foreign spies plan cyber attack on banking system

Russia has announced that it has uncovered a plot by foreign intelligence agencies to create chaos in Russia’s banking system via a coordinated wave of cyber attacks and fake social media reports about banks going bust.

Russia’s domestic intelligence agency, the Federal Security Service (FSB), said that the servers to be used in the alleged cyber attack were located in the Netherlands and registered to a Ukrainian web hosting company called BlazingFast.

The attack targetting major national and provincial banks across Russia was due to begin on 5 December.

Russia has been on high alert for foreign cyber attacks since the USA accused the Kremlin of being involved in hacks on Democratic Party emails during the US presidential election.

US Vice President Joe Biden said at the time that the United States would mount a “proportional” response to Russia.

FULL STORY : www.reuters.com/article/us-russia-cyberattack-banks-idUSKBN13R0NG

DATE : 2 December 2016

SOURCE : Reuters