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U.S. businesses face increasing cyber threats from foreign nations

Posted On: Mar. 4, 2015 12:00 AM CST

NEW YORK — The United States is in for some “rough sledding” in regard to cyber security, according to the former chairman of the House Intelligence Committee.

Speaking at Business Insurance's Risk Management Summit in New York on Wednesday, former Rep. Mike Rogers, R-Mich., said state actors present a threat to private companies. He noted, for example, that during an attack on a German steelmaker by what is believed to be Russia, hackers got into the company's computers and made turning off a blast furnace impossible, causing extensive damage.

Such attacks as that on Sony Corp., believed to have been launched by North Korea, underscore that the “game has completely changed,” Mr. Rogers said.

“Companies don't really understand what's on their networks,” he said. Now applications are the best way to get into someone's network, Mr. Rogers said.

State actors such as China or Iran “can get into this pretty cheap,” he said, noting it's much less expensive to launch a cyber attack than it is to build an aircraft carrier.