House cybersecurity chairman warns: First Sony, next the electric grid, Wall Street

Don’t limit the list of potential enemy nation-states to just N. Korea and Iran. China and Russia both have the capability and are known to have already probed American cyber defenses. By the time legislation is passed, which can sometimes take months in itself, or by the time something is implemented, it could be years later — which is too little, too late. Global Geopolitics has warned about cyberwarfare and its danger to America for years.

 

Rep. Patrick Meehan, chairman of the House Committee on Homeland Security’s Subcommittee on Cybersecurity, said the Sony attack and potential for a more widespread Internet invasion by U.S. enemies demands that President Obama sign pending cybersecurity legislation into law and look to other efforts to protect homegrown technology.

“American businesses, financial networks, government agencies and infrastructure systems like power grids are at continual risk. They’re targeted not just by lone hackers and criminal syndicates, but by well-funded nation-states like North Korea and Iran. A lack of consequences for when nation states carry out cyberattacks has only emboldened these adversaries to do more harm,” he added. Continue reading

‘Malicious Disruptions’ Threaten Financial System: Fed Official

A top Federal Reserve official warned on Tuesday of potential risks to financial stability from cyberattacks on the U.S. payments system and from a looming funding gap in public pensions.

Lockhart is the latest in a string of government officials and corporate executives who have warned of the potential danger of cyberattacks on the U.S. In October, Defense Secretary Leon E. Panetta warned that the U.S. faced the possibility of a “cyber-Pearl Harbor” from hackers who could dismantle the nation’s power grid, transportation system, and financial and government networks. Continue reading

Panetta Warns of Dire Threat of Cyberattack on U.S.

This has been known for decades and they have had the capability for decades. They being China and Russia. Iran is the only new variable and phenomenon. Chinese chips are used in virtually almost everthing in the United States from home PCs to military fighter jets, ICBM and missile defense networks, and even Pentagon computer networks. When the US has disarmed enough or whenever the Sino-Soviet axis decides it’s tired of the US money printing, they could likely shut down the country with manchurian chips whenever they please.

Studies have shown that this could effectively kill upwards of 100 million Americans as vital infrastructure shuts down or becomes tainted. This includes hospitals, food processing plants, water systems or even pharamaceutical manufacturers that produce medications for the sick and elderly. The nation would be in a full blown crisis.

The warning decades later is scarier than the threat itself. How blind and how far behind is the intelligence community?

Defense Secretary Leon E. Panetta warned Thursday that the United States was facing the possibility of a “cyber-Pearl Harbor” and was increasingly vulnerable to foreign computer hackers who could dismantle the nation’s power grid, transportation system, financial networks and government. Continue reading

Iranian Cyber Attacks Step Up

The Iranian government recently conducted a major cyber attack on a major U.S. financial institution that a military intelligence report said is a sign Tehran is waging covert war against the West.

The cyber attack was not successful but was one of several Iranian-backed electronic strikes detected in recent months that highlights the growing threat from Tehran, a major backer of international terrorism, according to a recent report by the Joint Staff intelligence directorate, known as J-2.

No other details were available on the previously undisclosed attempted Iranian financial cyber attack.

A Joint Staff spokesman declined to comment.

In the past, China and Russia were singled out as major nation-state cyber threats, using their militaries and intelligence services to conduct sophisticated cyber-espionage and preparation for future cyber sabotage in a conflict.

Now, Iran is emerging as a strategic threat to U.S. cyber systems that control critical infrastructure such as military systems, financial networks, communications, the electrical power grid, transportation networks, and other vital functions.

“They’re technically proficient, well-funded, and have placed a top priority on cyber defense and offense thanks in large part to the high number of sophisticated malware discovered on their oil and energy networks,” said Jeffrey Carr, a cyber warfare specialist.

Full article: Iranian Cyber Attacks Step Up (Washington Free Beacon)