The FSB estimated cybercrime of a trillion dollars
By Prempal Singh
Nikolai Murashov, Deputy Head of the Russian Federal Security Service (FSB) Center, said at a news conference on InfoForum-2017 information security, the damage from hacker attacks around the world in recent years has been from 300 billion to 1 trillion dollars, or from 0.4% to 1.5% of world GDP, according to different evaluation methods. “And these indicators tend to increase steadily,” RIA Novosti quoted him as saying.
He cited examples such as stopping the work of several large financial institutions in South Korea, breaking the blast furnace in Germany and attacking the telecommunications company Deutsche Telekom.
The Infoforum-2017 National Information Security Forum opened on Thursday in Moscow is devoted to such topics as “Global Risks in Information Security in Russia and Other Countries”, the implementation of the new Information Security Doctrine of the Russian Federation, “Information Security in the Credit and Financial Sphere,” ” Import substitution and security in the sphere of creation, development and use of communication networks “,” Modern Information City “- in the context of ensuring the security of personal information of citizens, as well as the development of science, technology andIn the information society and the digital economy.
In its turn, Expert writes : “The world is entangled in cyber crime, its scale is impressive.According to the international research company Allianz Global Corporate & Specialty, in 2016, the total damage from Internet criminality for the world economy (including direct losses, lost profits And the cost of rebuilding systems) exceeded $ 575 billion, about 1% of the world’s GDP.In 2017, the damage to the world economy from frequent cyber attacks, according to Sberbank’s forecasts, can exceed $ 1 trillion, and in three years – up to $ 2 trillion s. “