Cyberwarfare Threat To Websites and Financial System

Cyberwarfare Threat To Websites and Financial System

- Legacy of stuxnet is risk posed to technology dependent world
- 20 countries have launched cyberwarfare programmes since exposure of stuxnet in 2010
- Stuxnet virus targeted safety mechanisms in Iran’s nuclear reactors in 2010
- Virus launched to sabotage Iran’s nuclear program was also used for mass spying
- All types of digital systems at risk, including financial, banking and gold providers
- Direct ownership of physical gold, unlike digital gold, not vulnerable to cyberwarfare

20 Countries Have Announced Digital Warfare Programs

A new book detailing the development, operation and ramifications of the deployment of the notorious Stuxnet virus shows that it has created a far more risky world.

The book, Countdown to Zero Day, by Wired magazine writer Kim Zetter, shows that - apart from being an extremely irresponsible and dangerous act of sabotage – the deployment of Stuxnet against Iran has led to an acceleration in development of cyberwarfare.

In a must read article in the Irish Times, respected technology journalist, Karlin Lillington reviews the book which presents some fascinating insights into the whole Stuxnet affair which she describes as “the world’s first digital weapon”.

Most unnerving is the fact that twenty different countries have announced digital warfare programmes since the exposure of Stuxnet in 2010.

Academic and independent research and indeed the modern and historical record shows how physical gold is a safe haven asset - provided you have direct ownership of coins and bars and are not dependent on single websites and technology.

An allocation of some of one’s portfolio to physical gold is insurance against technological and systemic risks posed to all virtual wealth today – whether that be digital bitcoin and gold or electronic currencies in deposit accounts.

These risks have never been seen before and are largely unappreciated and ignored by brokers, financial advisors, bankers and the majority of people.

Having all your eggs in a deposit account or with one single investment, or indeed gold broker or storage provider, is no longer prudent.

ENDS

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