[Cryptography] North Korea and Sony

[dan at geer.org]

"Banks Dreading Computer Hacks Call for Cyber War Council"
Bloomberg, July 8, 2014

www.bloomberg.com/news/print/2014-07-08/banks-dreading-computer-hacks-call-for-cyber-war-council.html

  Wall Street's biggest trade group has proposed a government-industry
  cyber war council to stave off terrorist attacks that could trigger
  financial panic by temporarily wiping out account balances,
  according to an internal document.

  The proposal by the Securities Industry and Financial Markets
  Association calls for a committee of executives and deputy-level
  representatives from at least eight U.S. agencies including the
  Treasury Department, the National Security Agency and the Department
  of Homeland Security, all led by a senior White House official.

  The document sketches an unusually frank and pessimistic view by
  the industry of its readiness for attacks wielded by nation-states
  or terrorist groups that aim to "destroy data and machines."  It
  says the concerns are "compounded by the dependence of financial
  institutions on the electric grid," which is also vulnerable to
  physical and cyber attack.