Big banks need to protect themselves against cyber attacks. The question is how.
According to Bloomberg the Securities Industry and Financial Markets Association is setting up a cyber command committee together with (among others) the Treasury Department, the NSA, the DHS and the White House.
And now it’s getting exciting.
Bloomberg writes…
“The trade association also reveals in the document that Sifma has retained former NSA director Keith Alexander to “facilitate” the joint effort with the government. Alexander, in turn, has brought in Michael Chertoff, the former U.S. Secretary of Homeland Security, and his firm, Chertoff Group.” (…)
“[Just-retired NSA Boss General Keith] Alexander had been pitching Sifma and other bank trade associations to purchase his services through his new consulting firm, IronNet Cybersecurity Inc., for as much as $1 million per month, according to two people briefed on the talks.”
So, Big Banking just signed up the ex-NSA boss to handle cyber security. The man responsible for the NSA getting totally out of control and violating civil rights. This is cause for concern.
“IronNet”… it even sounds evil.
What could possibly go wrong?
Well… Some US politicians already have concerns that this might evolve to some sort of cyber wars council engaging in pre-emptive strikes.
/HAX
Bloomberg: Banks Dreading Computer Hacks Call for Cyber War Council »
Washington’s Blog: Big Banks Want Power to Declare Cyber War »
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