In Communications, Privacy And Security Are Illusions

TechCrunch

Editor’s note: Robert R. Ackerman, Jr. is the founder and managing director of Allegis Capital focusing his investments on the cybersecurity market.

President Obama has tried for three years to persuade Congress to pass a cybersecurity bill. The president went so far as to highlight his cybersecurity proposals to a prime-time audience during his recent State of the Union address. And in the wake of the massive Sony hack, the political climate may finally have shifted in his favor.

Indeed, the Sony breach was one of the worst in corporate history. It torpedoed a Hollywood blockbuster and nearly brought down a major studio. But, more important, it represented a significant escalation of cyber warfare and demonstrated the quickly accelerating skills of hackers everywhere.

In the past, a typical cyber breach, like those at Target and Home Depot, resulted in the theft and sale of credit card numbers. Yes, that’s a huge problem…

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