Tags: Sony | cyber | insurance | hack

Sony Hacking: Classic False Flag Op

By    |   Wednesday, 07 January 2015 08:45 AM

Who hacked Sony? Follow the money and you'll see it wasn't North Korea. Stopping a low-budget comedy film wasn't the primary goal, either. Whoever was behind the intrusion had other motivations.

The incident was nevertheless very serious. Even the conservative estimates put Sony's direct cost at $100 million or more. Considering the business relationships destroyed by the exposed executive e-mails, I'm sure it will end up being several times that amount.

If you want to see the definition of "terror," watch a Fortune 500 CEO read about the Sony hack. They're petrified the same will happen to them. Moreover, they are almost powerless to stop it.

Yes, they can (and will) throw money at security contractors and supposedly safe tech infrastructure. It won't matter. Every tech genius they hire is a potential Edward Snowden. National Security Agency Chief Keith Alexander handed Snowden the keys to his kingdom and it didn't work out so well.

Worse, cybersecurity is becoming an uninsurable risk. The potential damages are simply too hard to calculate. That's why banks are lobbying hard for taxpayer-backed FEMA insurance to cover intangible cyber losses.

The insurance industry is fighting back, too. An undercurrent in the news coverage was whether the Sony hack constitutes an "act of war." Newt Gingrich was just one of those saying it to anyone who would listen last month.

Does it matter? Look at your homeowners' insurance policy sometime. You'll see in the fine print that acts of war aren't covered. That same clause appears in all manner of private insurance, including corporate property and liability policies.

The insurance industry desperately wants to define hacking as "war" so they can avoid billions of dollars in potential claims. That's why their paid mouthpieces are using the word so much, and why they seek to tie the Sony incident to a foreign power.

The FBI — which pinned the Sony incident on North Korea without disclosing much evidence — is hardly neutral, either. Director James Comey has been working to "protect" the technology industry right out of business. You can't insist the government have access to everyone's data while also blaming people who walk through the resulting open doors.

In this swirling cast of characters, who has both incentive to terrify everyone and the covert ability to execute something like the Sony hack? I have two candidates.

One is the U.S. government. Terrifying the population with the new, insidious threat is just what the Obama administration needs to expand its power and direct lucrative contracts to its friends.

The other possibility is the cybersecurity establishment, which is in line to exploit both federal contracts and vastly expanded private demand. Their services are quickly becoming mandatory for businesses of all sizes. Hysterical fear means they can charge practically any price.

The handful of publicly traded companies in this space are the tip of the iceberg. The real money will go to a shadowy network of well-placed consultants like former NSA Chief Keith Alexander, as well as privately owned security firms with inside contacts.

That network will reap a huge harvest this year. Billions of dollars will change hands. Will the money make anyone safer? Probably not... but the politicians and bankers won't care. It wasn't their money in the first place.

This may not be war in the legal sense, but someone is dragging the American public into a very costly endeavor. I wish we could know who it is.

© 2021 Newsmax Finance. All rights reserved.

1Like our page
Who hacked Sony? Follow the money and you'll see it wasn't North Korea. Stopping a low-budget comedy film wasn't the primary goal, either. Whoever was behind the intrusion had other motivations.
Sony, cyber, insurance, hack
Wednesday, 07 January 2015 08:45 AM
Newsmax Media, Inc.
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved