How helpful are estimates about how much cyber attacks cost?
Summary: A Cisco Talos writer questions whether headline estimates of cyber attack costs are useful, citing a Lloyd's of London estimate that an attack on an international global payments system could cost $3.5 trillion globally, and noting 2022 estimates of $7 billion to $10 billion in consumer costs. The writer argues such figures contribute to fear, uncertainty and doubt, and may discourage small business owners from taking basic steps like improving a wireless router password.
What's compelling: The same newsletter reports that YoroTrooper compromised multiple state-owned websites and government officials' accounts across CIS countries between May and August 2023, and that IBM found employees were just as likely to click ChatGPT-written spam as human-written spam, which took about five minutes to produce.
Read the original at Cisco Talos ↗
- Topics
- Malware
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