Businesses preparing for Russian cyber retaliation
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The war in Ukraine means there is a rising risk that Russia will launch a cyber attack on Western companies.
PHOTO ILLUSTRATION: REUTERS
Gillian Tett
(FINANCIAL TIMES) - A decade ago, the Obama White House tried to force American companies to collaborate on cyber defence. It did not go well: the US Chamber of Commerce and other big business groups blocked a cyber-security Bill, complaining that it smacked of excessive government intrusion.
"People said (it) was un-American," a former Washington official says. The mandatory sharing of information about cyber hacks, or devising joint defence strategies, was considered antithetical to free-market capitalist ideals.
