{"id":37024,"date":"2021-06-28T17:13:29","date_gmt":"2021-06-29T00:13:29","guid":{"rendered":"https:\/\/lapost.us\/?p=37024"},"modified":"2021-06-28T17:13:29","modified_gmt":"2021-06-29T00:13:29","slug":"report-finds-costs-of-cyberattacks-could-exceed-natural-disasters","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=37024","title":{"rendered":"Report finds costs of cyberattacks could exceed natural disasters"},"content":{"rendered":"<p>The cost of a major cyberattack on a critical major U.S. utility or service provider could\u00a0rival\u00a0that of a natural disaster such as a hurricane, a report released Monday found.<\/p>\n<p>The\u00a0<a href=\"https:\/\/click1.email.thehill.com\/jtsfczshnbbwpzpbwtvnnwffnswkbsbddmnhzqkbrbffvf_bcppggflfypqljzpzgfg.html\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/click1.email.thehill.com\/jtsfczshnbbwpzpbwtvnnwffnswkbsbddmnhzqkbrbffvf_bcppggflfypqljzpzgfg.html&amp;source=gmail&amp;ust=1625006317389000&amp;usg=AFQjCNFNGJge5RBfGmwjbXVpN0eehlrw4w\">report<\/a>, put together by experts from the Foundation for Defense of Democracies and insurance group Intangic, used a risk-rating system developed by Intangic to estimate the impact of two types of disruptive cyberattacks.<\/p>\n<p>The findings estimated that a three-day cyber disruption of a managed service provider giving IT services to hundreds of customers across a variety of critical fields could lead to an economic loss of almost $80 billion, more than the $65 billion cost of Hurricane Sandy in 2012.<\/p>\n<div id=\"m_-7530461464694947945dfp-ad-incontent_desk_1-wrapper\">\n<div id=\"m_-7530461464694947945dfp-ad-incontent_desk_1\">\n<div id=\"m_-7530461464694947945google_ads_iframe_1107919\/Content_300x250_ROS_asynch_0__container__\">The losses would be even higher with an attack on a critical utility, such as regional electric utility, with Intangic estimating that a breach causing disruption to power for five days\u00a0would cost an estimated $193.5 billion, more than the cost of 2005\u2019s Hurricane Katrina and the 2018 California wildfires.<\/div>\n<\/div>\n<\/div>\n<p>\u201cCyber vulnerabilities pose a systemic risk to the U.S. economy,\u201d the report reads.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cost of a major cyberattack&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,12],"tags":[],"class_list":["post-37024","post","type-post","status-publish","format-standard","hentry","category-business","category-science-tech"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/37024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37024"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/37024\/revisions"}],"predecessor-version":[{"id":37025,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/37024\/revisions\/37025"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}