Consider the Panama Papers breach a warning
An MIT conference this week about the Internet of Things was fun until the topic of security came up. The audience stilled and focused at the mention.
Sanjay Sarma, a professor of mechanical engineering at MIT, told this mostly startup crowd that he expects “a few disasters.” Power plants will be taken down, as will a chemical plant. “I’m terrified of this,” he said, about the cybersecurity risk.
This week’s hack of Panamanian law firm Mossack Fonseca is an illustration of how much damage can be caused by a breach. Law firms are valuable and vulnerable targets, and they attract people interested in making money.