Published on: March 11th, 2019 • Duration: 6 minutes • Topic: Technology, Financial System
With the number of connected devices only growing, cyber security issues, from now-routine privacy breaches to existential societal threats, are becoming a part of daily life. But, what do they mean for markets? AK breaks down the situation on this week’s episode of “The One Thing.”Comments
-
PCThe comments at the end agree with my experience of working in cybersecurity. Companies just don't want to spend money on security. Any proposal to spend money is met with: what is the return on investment? Of course, the return is zero until something bad happens. Another common attitude is: we haven't had a problem in the past, so why should we worry about it? Another aspect of the proliferation of the internet of things is that industrial control systems are now typically just software running on networked PCs, which are connected to the corporate network, which in turn is connected to the internet. The connection could be secured, but again, it is expense that companies prefer to avoid.
-
PMI have a feeling that a “hack” of a major financial institution will be the “black swan” of the next financial crisis.
