Archive - Feb 17, 2015 - Blog entry

Like spirits, debt and risk make for a great party but a terrible hangover...

Prosperity Requires Privacy

The arrogant European Union has seriously overplayed its hand and now is no longer certain exactly who is the fool still seated at the table.

Walk this way...

The final and ultimate round of the Crisis that begin in 2008 will occur when faith is lost in the Central Banks.

The chances of Greece being forced out of the euro zone have risen but a compromise agreement between Athens and its European partners is still possible, Greek media and investment banks said on Tuesday.

The global economy is thoroughly integrated and processes and knowhow are increasingly delivered on distributed architecture made up of lattices of public and private networks. This approach has wonderful benefits and can deliver scale and flexibility and speed in equal measure. But therein lies the risk, the physical spying infrastructure with engineered back doors must remain hidden in order to be effective and useful to the spies who placed them there. What the intelligence community has done has created the mother of all “single point of failures” and the potential for calamity and social disintegration is almost too great to countenance. They assume that with adequate controls these systems can be kept safe and used effectively. They said the same about nuclear procurement and weaponised viruses.

The attacks demonstrate a shocking vulnerability in the highly interconnected global banking system. The Kaspersky Lab report gives a fascinating insight into the hackers operation.