Published by Faye on 10 Nov 2010 at 07:02 am
Is this even possible? According to The Business Roundtable which is an association of CEO’s of established US companies, the threat is “urgent and real.” The breakdown of such critical information infrastructure has a 10 to 20% chance of happening in the next ten years. This can be a result of many incidences. It can be natural such as calamities or even man-made disasters such as malicious codes, code errors, or terrorist attacks.
The group also stated that an Internet meltdown, if it would ever happen, will result in reduced productivity. Profits will fall as well as stock prices. Consumer spending will erode and a liquidity crisis has a big possibility of happening. This was also discussed in “Growing Business Dependence on the Internet — New Risks Require CEO Action” – a Business Roundtable report based on earlier risk analyses done by the World Economic Forum in Geneva.