Inside Cybersecurity

December 1, 2021

Daily News

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

By Charlie Mitchell / June 29, 2021

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...

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