Gen. Mark Milley, recently confirmed by the Senate as the next chairman of the Joint Chiefs of Staff, will soon ascend to that position after the current chairman, Gen. Joseph Dunford, retires this fall. In testimony during his confirmation hearing, Milley argued that in cyberspace, peace can be achieved through strength: “We have to have those offensive capabilities ...
Jason Healey is a Senior Research Scholar and adjunct faculty at Columbia University’s School for International and Public Affairs and president of the Cyber Conflict Studies Association. He edited the first history of conflict in cyberspace, "A Fierce Domain: Cyber Conflict, 1986 to 2012" and has held cyber positions at the White House, Goldman Sachs, and the U.S. Air Force.
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The financial sector has long been at the forefront of cybersecurity protection, information sharing, and collaboration. Even so, cyberattacks on banks and other institutions of the global financial system have become more frequent and sophisticated, honing the industry’s ever-increasing focus on managing cyber risks.
Parallel to these efforts, the financial sector, regulators, and national governments have been working to improve the overall resilience and stability of the financial system in hope of preventing a repeat of panics such as the financial crisis a decade ago.