It’s the one year anniversary of what is now known as the Snowden revelations, which appeared on June 5 and June 9 when The Guardian broke news of classified National Security Agency documents and Edward Snowden revealed himself in Hong Kong as the source of those leaks.
There is still much to decipher from the chronology of events in the aftermath and the sudden global awakening to the end of privacy. Among the impacts on the personal, business and political fronts, one interesting salient feature is the hypocritical rhetorical spats between the US and China in recent weeks, which could set the undertone for US-Sino relations for years to come.
Snowden said his biggest fear is that nothing would change following his bold decision a year ago.
In the increasingly pugnacious cyber espionage war, the US is not only admittedly losing out to countries like China and Russia but the real headline news is, the US is still at a loss on how to protect itself against the massive intellectual property threats on its very turf.
The chairman of the House Intelligence Committee Rep. Mike Rogers told audience at the Intelligence and National Security Alliance (INSA) cyber conference, held on 26 September in Washington DC, that the US is “running out of time” – US government officials have stated that no country engages in cyber espionage as systematically, thoroughly and broadly as China and the theft of critical intellectual property is billing up to US$1 trillion.
This Bill proposed to offer business liability insurance cover to the business community. In return, the victimized companies would have to share their threat information with the government, who will in turn share that experience with the business world.
(What? Are you kidding me?! Okay, I hear you at the back row).