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Role of Government in Cyber Security

“No foreign nation, no hacker, should be able to shut down our networks, steal our trade secrets, or
invade the privacy of American families, especially our kids - This tremendous and confident
dialogue announced by The President of the USA Mr. Barack Obama at 2015 State of the Union. It
shows a hidden message of combating against cyber threats. Before few days, even UK Prime
Minister David Cameron has expressed concern on cyber attacks against large companies and
ensured them about “Cyber attack, war games” that will be acted with the USA in a cooperative
manner towards cyber defense. Evolving cyber crime has opened the eyes of the governments of
the globe, compelled them to take immediate steps to defense people and organizations.

(Image Credit: http://www.bbc.com)

The Average Cost of Cyber Crime:
If we look at the average cost of cybercrime in 2014 has crossed $12 million for organizations in the
United States, which is 9% hiked up than the previous year 2013. The mostly attacks can be
classified into web based attacks, phishing attack, social engineering, DDoS attack and malicious
code.

Based on the global talk, we have three clear scenarios:

• It is clear to the government that cyber attacks are real and embryonic problematic. At some
stage, foreign government is involved in actuating them.
• Cyber crime is bigger than we are scaling it and still not found the scope of cyber crime.
• Cyber threat requires more global efforts and tough defense strategies to mitigate it.
57 Cyber Warnings E-Magazine – February 2015 Edition
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