In recent Capitol Hill testimony, Gen. James Clapper, the nation's top intelligence official, placed cyberterrorism at the top of the threats facing the United States. Gen. Clapper stated that it would be "hard to overemphasize" the significance of the threat.
He rated America's electrical grid the most vulnerable of the nation's infrastructures, with equipment in many cases ten to twenty years out of date with no immediate plans for updating to counter cyberthreats.
NOTE: a nationwide test of America's electrical grids' ability to repel cyberattacks is scheduled for November 17th. I will have results of that exercise for you as soon as they are available.
Financial institutions and government services rounded out Gen. Clapper's list of most vulnerable segments of our economy. In the six months prior to his testimony, Wall Street had received 140 verified cyberattacks. In July, leading investment banks and trading exchanges were overwhelmed in a staged cyberattack exercise which closed the markets within six hours of the start of the attacks.
Stay tuned for future Bulletins.