U.S. Defense Secretary Leon Panetta warned yesterday that the United States needs to beef up its defenses against cyber attacks or risk suffering an attack that's the equivalent of 9/11. In a speech in Manhattan, Panetta cited the recent attacks on the Web sites of big U.S. banks, as well as an attack last summer on Middle Eastern energy companies that disabled 30,000 computers.

The Defense Secretary warned that cyber attacks could threaten the U.S. electrical grid, transportation system and other components of the country's infrastructure. The Defense Department is taking steps to counter such cyber attacks, he said, but urged Congress to pass cyber security legislation.

 

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.