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Fear Mongers Escalate: Cyber-attacks could cause global 'catastrophe'

A succession of multiple cyber-attacks could "become a full-scale global shock" on a par with a pandemic and the collapse of the world financial system, the report by the Organisation for Economic Co-operation and Development (OECD) said. Contingency plans to recover systems should be put in place and cybersecurity policies should "encompass the needs of all citizens and not just central government facilities", the report said. "What should concern policy-makers are combinations of events – two different cyber-events occurring at the same time, or a cyber-event taking place during some other form of disaster or attack," the report said. "In that eventuality, 'perfect storm' conditions could exist."

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