Potential costs of cyber attack on key infrastructure on par with a ‘major natural disaster,’ FDD says in report

The Foundation for Defense of Democracies in a new report says recent high-profile ransomware incidents provided a “sample” of “real-world” damage from cyber attacks, but warns that malicious hackers targeting the electricity system, for instance, could wreak “economic devastation” on the scale of Hurricane Katrina, a 2005 super-storm estimated to have caused $125 billion in damage.

“The report finds that as digital transformations increase productivity and efficiencies in companies across all economic sectors, the American public is blind to the...