Cyberterrorism and it's Effects on Business.
After doing a fair amount of research on the topic of cyberterrorism, it seems to me that what has the most potential for damage or destruction due to cyberterrorism is the business sector. For example, during a DDoS attack, a corporations entire website could be shut down for a relatively long period of time. This can have disastrous effects on the business, and potentially drive away many customers since it seems the company is weak or has insufficient protection.
One great example of how cyberterrorism has had a strong impact on the private sector is when a cyber group hacked into the twitter account of the Associated Press. The group posted a message saying that the white house had been bombed and Barack Obama was injured. This was only on twitter for two minutes but guess what happened... The stock market plummeted and $150 million in equity vanished momentarily. Luckily, twitter was able to regain control over the AP's account in such a short amount of time, otherwise who knows if it would have made such a swift and complete recovery.
Of all of the potential different ways that cyberterrorism can effect us, I believe it has the potential to have the greatest impact on business.
Respond by telling me if you agree with this, and if not, what is it that you think is the most vulnerable.
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