The general in charge of the Defense Department’s cybercommand stated Monday that Congress has no time to waste in defining the roles, standards and authorities for federal agencies responsible for defending the nation against potentially devastating cyberattacks.
In response, Senate Homeland Security and Governmental Affairs Committee Chairman Joe Lieberman (I-Conn.) said Tuesday that Gen. Keith Alexander, commander of US Cyber Command (USCYBERCOM), “offered a startling set of statistics … on the losses our nation is suffering because of cyber espionage and cybercrime. The general estimated that the US loses $250 billion annually in intellectual property theft and $338 billion annually in financial theft. If those numbers don’t argue for improving our cybersecurity — both in the public and private domains [then] I don’t know what will.”
Alexander said in an address at the American Enterprise Institute that the loss of proprietary and intellectual property as a result of cyber espionage is the “greatest transfer of wealth in history.”
“That’s our future disappearing in front of us,” Alexander said, noting that corporations estimate they spent $1 trillion last year to defend, prevent and mitigate against cyber espionage and cybercrime.
The general in charge of the Defense Department’s cybercommand stated Monday that Congress has no…
by Tactical-Life / Jul 11, 2012