BUFFETT: This is 'the number one problem with mankind'
US Air Force
"I'm very pessimistic on weapons of mass destruction generally although I don't think that nuclear probably is quite as likely as either primarily biological and maybe cyber," Buffett said during Berkshire Hathaway's annual shareholders' meeting on Saturday.
"I don't know that much about cyber, but I do think that's the number one problem with mankind."
Last year, Buffett said CNBC - cyber, nuclear, biological and chemical attacks - posed a major threat to the economic well-being of Berkshire shareholders.
In 2015, Berkshire made a bet that could profit from increased cyber breaches. Berkshire Hathaway Specialty Insurance launched two insurance policies that cover cyber liability and the costs incurred to respond to a data breach or threat.
Similarly, AIG launched a product earlier this year that covers expenses arising from online bullying and extortion, according to Fortune.
Buffett's remarks came a day after thousands of documents were released online targeting French presidential candidate Emmanuel Macron, before the second round of voting on Sunday. The incident brought flashbacks of the hack into Hillary Clinton campaign chairman John Podesta's emails before last year's election.
Next Story
Nizamuddin Coronavirus hotspot: Everyone who knew about the religious gathering at Delhi's Markaz Tablighi Jamaat- The Kanika Kapoor-Prince Charles conspiracy theory is proof that Indians blame everyone but themselves
- Coronavirus crisis has made Infosys, TCS, and HCL Tech stocks so cheap, this may be the time buy — but hold for at least a year
- This drone is delivering medicines, collecting blood samples and spraying sanitizers in Telangana
- The Malabar Civet isn't one of them, but the Coronavirus lockdown has brought a lot of animals out of hiding
- An Indian’s shopping guide during the coronavirus pandemic
- Dolphins return to Italy, Venice canal shines, China’s air clears up – the impact of Coronavirus isolation says we need to rethink our ways
- Airports in India are spraying sanitizer, calling in doctors, and screening international passengers to keep coronavirus from spreading
SIGN IN WITH
FacebookGoogleEmail