Title :
After the fall of the financial industry, which critical infrastructure will be hit next?
Author_Institution :
Swisscom
fDate :
March 27 2009-April 30 2009
Abstract :
The global trends have not changed lately: global socio-economic divisions, climate change, resource competition and maintaining security by military force [Oxford Research Group] remain on the top list. However the financial crisis has shifted the risk landscape dramatically [Global Risk 2009; WEF]. If extracting the root cause of this incident you find a company behavior or management pattern, which can be called ldquoFig-Leaf-Politicsrdquo. The same behavior can still be observed in other industries. Thus making them equally vulnerable for a future crash. The root cause can be derived, analogies to past developments extracted and the impact on the risk map shown. However what remains very difficult is to predict who will be the next candidate for crisis and when will it happen. If we discuss and recognize where we are vulnerable, we can at least work to improve our situation. If we all walk down the faith of the Fig-Leaf-Politics the likelihood is high to become the one that causes the next disaster. Working at a telecom corporation my perception and interests are biased. It will be interesting to discuss my findings with other sectors of critical infrastructure. The telecom industry has been named to be essential for recovering from this recession. However the telecom industry is intertwined with other industries and it will certainly be difficult to escape this crisis. What the impact will be, we will see...
Keywords :
telecommunication industry; climate change; critical infrastructure; fig-leaf-politics; financial industry; global socioeconomic divisions; management pattern; resource competition; security maintenance; telecom corporation; telecom industry; Communication industry; Computer crashes; Crisis management; Defense industry; Security; Telecommunications;
Conference_Titel :
Critical Infrastructures, 2009. CRIS 2009. Fourth International Conference on
Conference_Location :
Linkoping
Print_ISBN :
978-1-4244-4636-0
DOI :
10.1109/CRIS.2009.5071488