Business View Magazine | August 2020

5 BUSINESS VIEW MAGAZINE AUGUST 2020 O p e n i n g L i n e s A U G U S T 2 0 2 0 REVEALED: US MOST TARGETED BY SIGNIFICANT CYBER ATTACKS T he prevalence and severity of cyber attacks are increasing at an alarming rate every year. So much so, that statistics from Cybersecurity Ventures estimate that cybercrime will cost the global economy a colossal $6 trillion per year by 2021. Interested in cyber security, Specops Software analyzed the latest data from Center for Strategic and International Studies (CSIS) to discover which countries across the world have experienced the most cyber attacks classified as significant between May 2006 – June 2020. Significant cyber attacks are defined as cyber attacks on a country’s government agencies, defense and high-tech companies, or economic crimes with losses equating to more than a million dollars. Specops Software found that America has been victim to the most cyber attacks categorized as significant (156) between May 2006 – June 2020; the equivalent of 11 very serious cyber attacks each year since 2006. One of the most recent (May 2020) breaches aimed towards the USA has been brought to light by the National Security Agency (NSA), which found that Russian hackers are exploiting a bug in a commonly used email server to infiltrate sensitive data from American organizations.