Cyberterrorism Can Be Avoided

Bermuda Correspondent

Hamilton, Bermuda

The risk of being devastated by “a digital hurricane” caused by cyber-terrorists is a manageable exposure that is not being managed well now, according to an executive at American International Group.

Although such risks can be managed, the fact that computer viruses cost the economy $13 billion in 2001 suggests that the risk is not being managed very well, said Ty Sagelow, executive vice president and chief operating officer of AIG eBusiness Risk Solutions in New York.

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