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A series of sophisticated foreign cyberattacks against the websites of U.S. banks represents a serious escalation in global cyberconflict, according to security specialists and former officials.
"If a bank’s Web page is down for a few hours … then an apology is [usually] much cheaper than the service," Mr. Rice said.
Banks and other big commercial entities can easily buy services to mitigate these kinds of attacks, said Mr. Rice, who was previously head of security for the world’s largest Internet service wholesaler, Tata Communications.
