Shawn Henry, executive assistant director of the FBI, had some dire warnings for attendants of the International Conference on Cyber Security, in New York, the Huffington Post reported on Thursday.
Criminal hackers pose risk that are “existential, meaning it could eliminate whole companies,” he said. Hackers tampering with things such as the power grid “could actually cause death,” Henry said. He also mentioned FBI investigations into a small company that had gone out of business after hackers stole $5 million, another which lost a decade’s worth of research and development, and another who encrypted computer health systems for hostage, demanding a fee for the password.
“We’ve seen the number and sophistication of the attacks by these cyber actors increase dramatically,” Henry said, according to the Huffington Post. “Hundreds of millions of dollars have been stolen, primarily through the financial services sector, just in the last couple years.”
To read more click here.
