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Cyber security: a new cold war, or rather code war affects the world.

Photo former Director of National Intelligence Mike McConnell, sitting, with left to right Clay Sell, Peter Pace, John Negroponte, Robert Gates, among others

A new cold war, or rather code war, started to grip the whole globe during 2011.

Cyber espionage is real and present danger for every form of organisation, like UK financial institutions, corporations and state organisations .

The Code War is being fought by techno spies. Espionage is the driving force in this very modern conflict, and information is the desired target.

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When it comes to developing cyberwarfare policy, the United States will likely wait for a catastrophic event and then overreact, rather than plan ahead, said former intelligence chief Mike McConnell at the RSA Conference on Wednesday.

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