Cyber- attacks causes billions of $ and reputational loss to an organization.Cyber-attacks have several forms of attacks like DoS, information theft, database destruction and many other forms that adversely affect the economy differently.The systematic study of the cost of cybercrime recommends that ...
In recent years, there has been a significant uptick in the frequency and sophistication of attacks on the financial and banking industry. The following statistics illustrate the current breadth and depth of cyber attacks by various types of threat actors on financial entities: Financial instituti...
Our focus on productivity allows a close investigation into the role of firm capabilities in the form of skills and related security programmes which themselves drive productivity, as well as mitigate the effect of cyberattacks, for example, through learning and awareness. This paper also contributes...
And that number is set to grow tremendously, to around 2 trillion dollars by 2019. In this article, we want to explore the types of attacks used by cybercriminals to drive up such a huge figure, and also help you understand how they work and affect you.Quick links for navigation...
(IT) tools to breach security systems and monitor,encrypt, orexfiltrate datathat could be of strategic, political, or economic advantage to the perpetrator. The impact of successful cyber espionage exploits can be serious and affect national security, the economy, and the privacy rights of ...
While cyber attacks affect all sectors of the economy, there are still some key sectors that are likely to be particularly vulnerable to cyber attacks: The Financial Sector, BFSI:(Banking, Financial Services and Insurance): The BFSI sector is under increasing pressure. This is due to competitors...
on consumer surplus, implementing the penalty scheme is beneficial to social welfare. Then, we extend the analysis to examine how adopting systems security enhancing technologies (such as blockchain) will affect the government’...
cyberattacks. We have identified and classified the different types of AI-driven cyberattacks based on the current state-of-the-art offensive and adversarial AI. This can serve as a basis for future research and help cybersecurity professionals better understand the threats they face (Sect. 4.1....
In addition to the growing cybercrime, there are several cybersecurity issues that can significantly affect an organization's achievement of its operational and strategic goals or the security of an entire country: Cyberattacks on critical infrastructure The Middle East is one of the most important ...
Among economically motivated cyber-attacks, cyber-crime is the main concern. Geopolitically motivated attacks range from an overlap with the economically motivated, in the case of intellectual-property (IP) theft by governments, to online espionage and cyber-warfar...