The NotPetya attack in June 2017 had a profound impact on the global supply chain and international business operations. It rapidly spread through interconnected networks, disrupting numerous multinational companies. The total damages from the attack exceeded $10 billion, effectively wiping out years of business growth. In the broader context, cyberattacks in 2020 cost governments and businesses $1 trillion, which is about 1% of global GDP. For individual companies, the average cost of a single data breach was $3.6 million.
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While growth is always welcomed, businesses also need to focus on reducing disruptions. From systems downtime to loss of critical data, cybersecurity...
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In June 2017, the world saw the most devastating cyberattack in history. The NotPetya attack left significant marks on numerous multinational companies and profoundly disrupted the global supply chain with its rapid spread through interconnected networks. The total damages from the attack exceeded $10 billion. That number alone just wiped out years of business growth. In 2020, attacks cost governments and businesses $1 trillion, which equals to about 1% of global GDP. For individual companies, the average cost of a single data breach was $3.6 million.