William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints withGannett Co. Inc., and The Baltimore Sun.
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President Obama and his generals have consistently put cybersecurity at or near the top of U.S. strategic defense priorities.
Ever since, the military and government have had their work cut out for them, fighting relentless, daily waves of computer attacks, in many cases against vital national interests.
The private sector is in the trenches, too, as state actors and individuals press attacks to get trade secrets or customer identity data.
Now, recent high-profile cyberattacks against the Democratic National Committee, most likely by Vladimir Putin’s intelligence services, have pushed the issue into “six o’clock news” territory.
But the problem goes so much deeper than the media is reporting. This country is embroiled in nothing less than a full-scale global cyberwar right now. There may not be any casualties (yet), but everything is up for grabs and the stakes are very high.
For instance, the cost of fighting this war is set to eclipse $1 trillion between 2017 and 2021, making the battlefield one of the largest new markets on earth.
Tags: Technology Article
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