Cyber Wars Could Crash Markets and Threat to Humanity – Rickards and Buffett
Cyber Wars Could Crash Markets and Threat to Humanity – Rickards and Buffett by Mark O’Byrne – Gold Core
Cyber wars are a bigger threat to humanity than nuclear weapons, the world’s richest and most famous investor Warren Buffett, presciently warned a few days ago.
“I’m very pessimistic on weapons of mass destruction generally although I don’t think that nuclear probably is quite as likely as either primarily biological and maybe cyber,” Buffett said during Berkshire Hathaway’s annual shareholders’ meeting. Unlike most of Buffett’s pronouncements, this clear and very strong warning was not reported widely.
“I don’t know that much about cyber, but I do think that’s the number one problem with mankind” said Buffett as reported by Business Insider UK.
Last year, Buffett told CNBC — cyber, nuclear, biological and chemical attacks — posed a major threat to the economic well-being of Berkshire shareholders.
Echoing Buffett’s cyber concerns, today one of the world’s leading experts on currency wars, financial warfare, cyber terrorism and cyber war, James Rickards has again warned that cyber attacks may have already compromised the U.S. national security and could turn a “bad day on Wall Street into a full blown crash”.
According to Rickards writing in the Daily Reckoning today:
“Friday’s cyberattack just highlights the growing nature of the threat, and the need for much greater security.
WikiLeaks’ March release of 7,818 web pages, called the “Vault 7,” was a major development. This collection amounted to more than several hundred million lines of code, and gave away the entire hacking capacity of the CIA.
It was by far the largest release of CIA intelligence documents in history.
And the WikiLeaks’ released documents proved that U.S. intelligence agencies have lost control of their hacking tools.
This is part of a much larger problem.
Barely a day goes by without some company or government agency announcing that one of its systems has been compromised or attacked …
In 2010, the FBI and Department of Homeland Security discovered an attack virus in the computer systems of the Nasdaq stock market. That virus was disabled, but others may remain.