After reading about the latest British concerns over cyber espionage activities occurring seemingly at will across its classified and unclassified networks, I was happy to read about this April 1, 2009 effort by the European Commission which included the following scenario around future threats:
There is a 10% to 20% probability that telecom networks will be hit by a major breakdown in the next 10 years, with a potential global economic cost of around €193 billion ($250 billion). This could be caused by natural disasters, hardware failures, rupture of submarine cables (there were 50 incidents recorded in the Atlantic Ocean in 2007 alone), as well as from human actions such as terrorism or cyber attacks, which are becoming more and more sophisticated.
A response to this call to action is expected from the European Network and Information Security Agency (ENISA) by mid-April. It's not a question of if ENISA will support it. Of course they will. The question is what specific steps will be taken and if it will be enough, particularly in light of MI5's confrontational position on Chinese espionage as well as this latest incident involving Huawei and British Telecom.