Technology and its resultant automation have been cast as the jobs’ bogeyman by regional banking giant ANZ which today announced 1,000 Australian jobs were being axed, and warned that more could follow as a result of further automation.
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David Heath
Saturday, 30 January 2010 00:53
Today's release of the report "In the Crossfire: Critical Infrastructure in the Age of Cyberwar" by McAfee Inc. paints a very grim picture of a perpetual war in cyberspace
Written by the Washington based think-tank the Centre for Strategic and International Studies (CSIS), this report reveals the immense cost and impact of cyber attacks on critical infrastructure.
Based on the accumulated feedback of 600 critical infrastructure IT security executives in 14 countries, the report paints a very gloomy picture.
Let's start with a few snippets; from the report:
* 54% of respondents have already suffered large scale attacks or stealthy infiltrations from organized crime gangs, terrorists or nation-states. The average estimated cost of downtime associated with a major incident is $6.3 million per day.
* 37% of IT executives said the vulnerability of their sector had increased over the past 12 months
* 40% expect a major security incident within the next 12 months
* 59% believe that foreign governments were involved in attacks and infiltrations against critical infrastructure
* 20% think their sector is safe from serious cyber attack over the next 5 years. The report prefixed this comment with 'only,' but this author would prefer to refer to these people as totally deluded.
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