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15 January 2015, The Political Indian

The “deep web”: New threat to business

Sameer Patil, Associate Fellow, National Security, Ethnic Conflict and Terrorism, Gateway House has written an article on the threat of Cyber crime, where this “darknet” has financial and security implications for the Indian government and business sector. This article has been republished by The Political Indian

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On November 24, a group of hackers, allegedly backed by the North Korean government, launched a cyber attack on Sony Corporation’s computers in the U.S., stealing a trove of sensitive data including confidential emails, business plans, and personal details.

In the short term, the attack reportedly cost approximately $100 million to investigate, to repair or replace computers, and to take measures to prevent future attacks. But it is likely to cost Sony much more—including in potential lawsuits over stolen information—in the long run, besides denting its credibility.

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