ALINA SMUTKO / REUTERS
With new technology, the risk increases both in terms of the extent of the perimeter to be protected and the severity of the attack.
A USB key carried by couriers to transmit orders between trading rooms in New York. This is the only solution explored by the American subsidiary of Chinese banking giant ICBC last November to urgently settle transactions on American debt. The attack on its information systems destabilized the vast US government bond market for several days. In mid-December, a hacking of Kivstar, Ukraine’s leading telecom operator, deprived 24 million subscribers of phone calls and mobile Internet connections, leading to long queues in front of rival operators’ stores.
Whether motivated by money or geopolitical interests, cyber attacks have widely demonstrated their ability to destabilize networks of companies and their suppliers, customers or partners. Cyber risk is unfortunately not new, but it is accelerating and growing under the influence of increasing digitalization…
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