Cyber Security Is Waste of Money, OECD Advisers Says

Under the pseudonym “Hugo Cornwall”,Peter Sommer published the infamous “Hacker’s Handbook” in 1985. Since then he has become a noted security researcher and expert witness. Now he has co-authored a report for the Organisation for Economic Co-operation and Development (OECD) which warns governments against swallowing wholesale stories about “cyber-war” and “cyber-weapons”.

“Governments should take a calm, disciplined approach and evaluate the risks of each type of attack very carefully rather than be swayed by scare stories.”

Peter Sommer


According to the report “Reducing Systemic Cybersecurity Risk,” published today, a true cyber-war would have the same destructive effects as a conventional war, only that it will be fought exclusively in cyberspace. However, such a war is “highly unlikely” to occur, the OECD report says.

“Governments should take a calm, disciplined approach and evaluate the risks of each type of attack very carefully rather than be swayed by scare stories,” says Peter Sommer of the London

Peter Sommer

School of Economics, one of the two authors of the just released report on cyber security.

Co-authored with computer scientist Ian Brown of the Oxford Internet Institute, UK, the report says online attacks are unlikely ever to have global significance on the scale of, say, a disease pandemic or a run on the banks.

But they say “localized misery and loss” could be caused by a successful attack on the Internets routing structure, which governments must ensure are defended with investment in cyber-security training.

Jay Abbott, security manager at the consultancy PricewaterhouseCoopers, agrees that the routing structure is indeed vulnerable, new scientist.com writes.

“Short of physically cutting the wires, it’s the best way to take down a country from the internet,” he says.

Analysis of cyber-security issues has been weakened by the lack of agreement on terminology and the use of exaggerated language, the report points out.

“Cyber-espionage is not a few keystrokes away from cyber-war, it is a method of spying,” the authors write.

Controversially, the OECD advises nations against adopting the Pentagon’s idea of setting up a military division – as it has under the auspices of the US air force‘s Space Command – to fight cyber-security threats.

“While vested interests may want to see taxpayers’ money spent on such ventures,” says Sommer, “the military can only defend its own networks, not the private-sector critical networks we all depend on for gas, water, electricity and banking.”

Here’s a copy of the report: “Reducing Systemic Cyber Security Risk”

.

.

I just have one question: Who will decide which hardware, computers and software that is “systemically important,” or not?
Blogger Templates

Related by The Swapper:

Advertisements

2 Comments

Filed under International Econnomic Politics, National Economic Politics, Technology

2 responses to “Cyber Security Is Waste of Money, OECD Advisers Says

  1. Pingback: Success of Backlinks – Easy Way to Get Success and Money | money making blog

  2. Pingback: World Spinner