NSA chief: Hackers causing ‘the greatest transfer of wealth in history’July 11, 2012
Staff Note: The "It's not the bankers, it's the hackers" meme is being promoted via the NSA
Computer hackers are on the bleeding edge of the class war, and they’re finally cutting deep enough that the leader of the National Security Agency (NSA) is making an active push for some major congressional action.
That’s why NSA chief, Gen. Keith Alexander, told the conservative-leaning American Enterprise Institute on Monday that the costs associated with responding to computer hacking represents “the greatest transfer of wealth in history.”
“Symantec placed the costs of [intellectual property] theft to United States companies at $250 billion a year, global cyber crime at $114 billion annually — $388 billion when you factor in downtime — and McAfee estimates that $1 trillion was spent globally on remediation,” he said. “That’s our future disappearing in front of us.”
His talk was meant to support passage of a bill to firm up the nation’s cyber defenses. And while he wasn’t specifically supporting any piece of legislation, he seemed to indicate support for some of the more invasive measures within the Cyber Intelligence Sharing and Protection Act (CISPA).