The cyber attack on City Power is indeed a wake-up call for all our institutions to be prepared to absorb and defeat the scourge of cyber warfare.
Over the past four years, financial hacking wiped out $55bn in shareholder value. Experts are predicting that the next mega global financial crisis could be triggered by a breathtaking multi-pronged cyber attack. Many attacks are the direct result of human behaviour and poor management. The next major cyber assault could develop into a trillion dollar meltdown. According to reliable data, damage to global institutions cost $400bn a year. It could escalate as 4th-generation cyber attacks increase.
Hackers have broken into systems once considered impregnable, implanting Trojans and viruses into computers to make them vulnerable.
Farouk Araie, Benoni
Beware cyber attacks, it's only going to get worse
The cyber attack on City Power is indeed a wake-up call for all our institutions to be prepared to absorb and defeat the scourge of cyber warfare.
Over the past four years, financial hacking wiped out $55bn in shareholder value. Experts are predicting that the next mega global financial crisis could be triggered by a breathtaking multi-pronged cyber attack. Many attacks are the direct result of human behaviour and poor management. The next major cyber assault could develop into a trillion dollar meltdown. According to reliable data, damage to global institutions cost $400bn a year. It could escalate as 4th-generation cyber attacks increase.
Hackers have broken into systems once considered impregnable, implanting Trojans and viruses into computers to make them vulnerable.
Farouk Araie, Benoni