Is a ‘cyber 9/11’ event inevitable?
The World Economic Forum has put cyber-security and fraud as top threats for the entire world. The sophistication of threat actors is increasing at a seemingly exponential rate, massive data breaches are almost common place and we are reaching cyber security scenarios where everything can be used as a weapon, and anybody could be a target. But are we still waiting for the ‘big-one’, the seismic ‘cyber 9/11’ event that changes everything? Do we have the tools, the collective mind set and legal provision to win against this cyber-geddon tsunami, especially if it targets central financial infrastructures?