A cyber attack against a major cloud computing firm could cause as much financial damage as Hurricane Sandy or Hurricane Katrina. Increasing numbers of businesses and individuals rely on cloud services for their IT. But this also concentrates risk in a handful of companies, which are attracting increasing attention from criminal hackers and malign states. „If an attacker took down a major cloud provider, the damages could be $50bn (£36bn) to $120bn.“ Cyber attacks now cost around $1 trillion in damage per year compared to 2017’s record of $300bn for natural disasters, he said.
Source:
Hackers by Iain Softley, 1995
telegraph.co.uk, Tim Wallace, 19.01.2018
weforum.org, Annual Global Risk Report 2018