Cyber Terrorism: The Threat to Business and eCommerce

Cyber terrorism is the premeditated use of disruptive activities, or the threat thereof, against computers and/or networks, with the intention to cause harm or further social, ideological, religious, political or similar objectives, or to intimidate any person in furtherance of such objectives.  If your look at the projected eCommerce number for this year, the Internet being down for just one day could disrupt nearly $6.5 billion worth of transactions.

More than just eCommerce transactions flow over the Internet. eMail, voice communications, some banking machines, credit card authorizations for physical stores and the list goes on and on. Information is the life blood of commerce, regulatory oversight and even social status. The importance of the information and the ability to access it, transfer it and act upon it has increased to the point that it is unfathomable for all but the smallest of businesses to operate without computers or networks. As the value of the computing infrastructure increases so to does the value of disruption. The financial implications are one thing, but the psychological impact of the Internet disruption could be even more damaging. How likely is this to happen? It is not, if it will happen, but when. The likelihood of a cyber terrorism attack disrupting the Internet increases every day. The increased reliance on the Internet by business, government and society has made it a prime target for terrorist intent on disrupting our economy and way of life. How likely is the West to be targeted by major cyber terrorism attacks in the coming months? Share your comments with the Cloud and Cyber Security Center.