Business Insurance RMIS Article - RMIS-Web -
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Published on: 12/2/2002
Last Visited: 5/20/2008
"Typically, spikes in cyber activity following political events have been in the form of denial-of-service attacks, transfer of malicious code and Web site defacements-things we broadly classify as nuisance activity," said Patrick Donnelly, director of technology and professional risks in the financial services group at Aon Risk Services Inc. in Chicago."That's not to minimize the importance of it, because it can be very costly for corporations."
"More concerning for the populous, however, is the potential for defective information that could compromise national security or compromise systems that control critical infrastructure such as banks, utilities and air traffic control," Mr. Donnelly said.
Chief information officers, chief security officers and the like "are not necessarily concerned with the motive behind the attacks as much as they are concerned with the loss or legal liability from them," he said.
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"These plans need to allow for a gradual response that takes into account the severity of the attack and the appropriateness of the response," Mr. Donnelly said.
According to a 2002 survey conducted by The St. Paul Cos.