Both the importance of GPS systems and their vulnerability to a cyber incident or attack are well understood. What is less understood is that GPS and the satellites behind them now comprise the very threads in the fabric of our modern economy.

The value of GPS is built on three primary pillars: position, navigation and timing (PNT). While position and navigation are a logical given, the exact time is the unsung contribution of GPS that largely affects the way our world functions. Without an accurate source of timing, banks would be unable to timestamp payments. In fact, they couldn’t conduct any kind of banking without GPS.