The Financial Industry vs. the EU ~ Is it cyberwarfare?
Some "Outside the box" thinking. We need more of that these days...
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Some sideways thinking about cyberwarfare
Cyberwarfare needs to be framed far more broadly.
When we hear the term cyberwarfare we think of government-backed hackers stealing data, or releasing viruses or other software exploits to disrupt another countrys capabilities, communications, or operations. We imagine terrorists or foreign hackers planning to destroy Americas power grid, financial systems, or communications networks, or stealing our secrets.
Ive been thinking, though, that it may be useful to frame the notion of cyberwarfare far more broadly. What if we thought of JP Morgans recent trading losses not simply as a bad bet but as the outcome of a cyberwar between JP Morgan and hedge funds? More importantly, what if we thought of the Euros current troubles in part as the result of a cyberwar between the financial industry and the EU?
When two nations with differing goals attack each other, we call it warfare. But when financial firms attack each other, or the financial industry attacks the economy of nations, we tell ourselves that its the efficient market at work. In fact the Eurozone crisis is a tooth-and-claw battle between central bankers and firms seeking profit for themselves despite damage to the livelihoods of millions.
http://radar.oreilly.com/2012/07/some-sideways-thinking-about-cyberwarfare.html