World must prepare for ‘Armageddon’-style cyber attack


LONDON (Worthy News)– The world must prepare for an “Armageddon”-style cyber attack, one of America’s most influential regulators told the UK Telegraph.

Benjamin Lawsky, superintendent of the New York State Department of Financial Services, said it was a “matter of time” before there is a major cyber attack on the global financial system, and that the public needs to invest heavily in preventing disaster now, or pay an even higher price later on.

“They [cyber attackers] are breaking into everything. It is only a matter of time before something happens that is more systematic and problematic,” he said.

“I worry that we are going to have some sort of major cyber-event in the financial system that’s going to cause us all to shudder”. [wp_colorbox_media url=”http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11114284/World-must-prepare-for-Armageddon-style-cyber-attack-warns-US-regulator.html” type=”iframe” hyperlink=”Source”]

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