30 June 2011

Fire sale possible: RAND

According to this report by RAND Corporation, a 'fire sale' as depicted in Diehard 4.0 is possible.

The US is however on the lookout for precisely such an attack.

But America has long been on the alert for such an attack because it could take down major computerized systems on which significant commerce and government functions depend. Such an attack would likely be aimed at key cyber systems and be intended to interfere with electrical grids, interrupt transmissions from the Global Positioning System (GPS), or foil electronic fund transfers.

The United States acknowledges a vulnerability that stems in part from widespread use of commercial software for military purposes. That dependence enables potential adversaries to buy the same software, study it, and practice attacks that could be devastating to both private commerce and public defense.


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