Hackenomics
The Economy, Stupid
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The High Costs of Cyber Hacks
This chapter explores the economic losses, reputation damage, and long-term impacts of cyber hacks on businesses, using case studies like the Royal Mail Service to illustrate the significant consequences. It also discusses the growth of the cybersecurity consulting industry and the increasing threat environment in cybersecurity, emphasizing the importance of chief information security officers (CISOs) and the legal responsibilities of company directors. Additionally, the chapter delves into ransomware attacks, the challenges of obtaining cyber insurance, and the complexities of assessing cyber risks in today's dynamic threat landscape.
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