Cyberattacks are perceived as the global risk of most significant concern to business leaders in advanced economies. The broader risk community also views cyber as the risk most likely to intensify in 2018, according to the risk perception survey that underpins the Global Risks Report.
What is your attitude in the current technology advancement contribution to the fear of cyber attack?
Exposure to risks from cyber is growing as firms become more dependent on technology.
Analysis suggests that the takedown of a single cloud provider could cause $50 billion to $120 billion of economic damage — a loss somewhere between Hurricane Sandy and Hurricane Katrina.
I think the advancement in technologies has helped humankind tremendously. Bringing with it are risks associated with hacking and cyber attacks. Unless IT experts can invent a safe back up system into which data is backed up on a continuous basis the risk is always going to be there that criminals can bring systems to a halt. I still believe in using paper and pencil to write down important appointments as well as use long hand multiplication or division to do calculations. I do not have to fear that someone will attack my brain or pencil and paper. I enjoy listening to vinyl LP records and I am content.
I believe that technology advancement enhances cyber attack. As we see in news these are increasing day by day. As software is developed for a certain useful purpose, the other wants to intrude, make fun or create problems and each and every information be taken by them. If one knows to develop the other develops a method to destroy for publicity or for other reasons.
Great analogy as usual dear Pisipaty Srinivas Kishore , thank you so much!!
Every technological advancement comes with sort of risk. However in most cases, the risks are worth taken.
The assumption that attacks against computer systems are less dangerous, such as leading to economic losses rather than human lives is not true. Successful cyber attacks on these control systems certainly have long-term effects, create fear and pose immediate danger to human lives.
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