[4808] in cryptography@c2.net mail archive
ALLEGED CIA CYBERWARFARE ON FOREIGN BANKS IS DANGEROUS
daemon@ATHENA.MIT.EDU (Kawika Daguio)
Fri May 28 20:34:31 1999
Date: Fri, 28 May 1999 14:15:39 -0400
From: "Kawika Daguio" <KDAGUIO@aba.com>
To: <dcsb@ai.mit.edu>, <cryptography@c2.net>
ALLEGED CIA CYBERWARFARE ON FOREIGN BANKS
IS DANGEROUS PRECEDENT
Washington, DC -- The Financial Information Protection Association (FIPA) =
is denouncing information warfare against global financial infrastructures =
as a national policy tool.
An article in Newsweek's May 31 issue discusses a secret "finding" that =
allegedly authorizes government hackers to "diddle with Milosevic's bank =
accounts" in foreign banks. According to the author, the action is =
controversial and is supported only in small segments of the United =
States' intelligence community. =20
"When governments try to hack into banks for any reason, they send =
dangerous ripples through financial networks and across national boundaries=
," Kawika M. Daguio, FIPA executive vice president, said. "Attacking =
financial infrastructures injures innocent third parties all over the =
world in unpredictable ways. Financial cyberwarfare damages public =
confidence in the global financial system, establishes a bad precedent =
and, moreover, invites retaliation and emulation." FIPA does not take =
positions on the wider geopolitical issues involved in this situation. =20
Daguio added, "The U.S. and other governments should swear-off the use of =
information warfare against financial infrastructures and continue to act =
to strengthen critical U.S. infrastructures by working in partnership with =
the financial community and other infrastructure owners."
# # #
FIPA (www.fipanet.org) is an association dedicated to helping individuals, =
businesses and governments work together to protect sensitive financial =
information while promoting commerce.
Kawika M. Daguio is the Executive Vice President, Financial Information =
Protection=20
Association and Principal Consultant, Robustsystems.net. He was the =
former Federal Representative for Payment Systems and Technology for the =
American Bankers Association and consultant and PKI architect for ABAecom. =
He was a career employee with the U.S. Department of Treasury, where he =
evaluated budgets for high-risk programs and managed U.S. financial =
institution accounts around the world.
Daguio has led the financial service industry's involvement in critical =
infrastructure protection studies to demonstrate the industry's advanced =
preparedness. He negotiated drastic revisions in the U.S. Government's =
encryption and private network access policies and regulations in order to =
protect sensitive financial information. He has lectured on critical =
infrastructure protection at Harvard and made presentations before U.S. =
government commissions and agencies. Daguio has a MBA in Finance and a =
master's degree in public management from the University of Maryland. He =
earned two bachelor's degrees from the University of California.
