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11/10/2023
A major cyber attack: $3.5 Trillion Loss can occur!
Security Boulevard
In our increasingly interconnected world, cyberattacks pose a serious concern, and the potential financial damage of these attacks is more surprising now than in the past. An Economic Times Report claims that a major cyber attack might cost the world $3.5 trillion! This figure emphasizes how urgently strong cybersecurity safeguards are needed to protect people, companies, and governments. In this blog, we will look into the key findings of this report and explore how organizations can protect themselves with the help of Kratikal’s compliance services.
Understanding $3.5 Trillion Cost
The $3.5 trillion estimate is a realistic assessment of the possible worldwide economic effects of a significant cyber attack. This staggering expense includes several repercussions, such as:
Financial Losses
Cyber attacks can lead to direct financial losses for organizations, stemming from data breaches, ransom payments, and operational disruptions. These losses can run into billions for large corporations.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
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Resources
Your electronic library to help in fighting financial fraud for all of our partners.
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