Businesses preparing for Russian cyber retaliation

The war in Ukraine means there is a rising risk that Russia will launch a cyber attack on Western companies. PHOTO ILLUSTRATION: REUTERS
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(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.

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