Cybercrime continues to increase, plaguing businesses, governments, and citizens, but one form of attack – cyber espionage — threatens intellectual competitiveness and economic and military security while potentially going unnoticed and with few cyber insurance options in the marketplace.
This week, reports indicated that the White House may implement sanctions against China over the stealing of state secrets and private sector business research and development. The move would be the first to formally employ an executive order issued by Pres. Barack Obama last spring, and it follows the massive data breach at the U.S. Office of Personnel Management (OPM) that experts have speculated allowed nation-states to tap into the personally identifiable information of government intelligence agents.
Read more at http://www.advisenltd.com/2015/09/03/cyber-espionage-takes-center-stage-for-foreign-relations/
Ayers, Erin. ‘Cyber espionage takes center stage for foreign relations’. ©2015 Advisen Ltd. 11 September 2015.
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