In the Global Risks Report 2018 published by the World Economic Forum, cyberattacks have been ranked as the most challenging technological problem we are going to face. The only other risks comparable to them were associated with environmental factors such as extreme weather events and natural disasters.
Indeed, various studies suggest that a successful attack on a single cloud provider could cause between USD 50 to 120 billion in economic damage, an amount comparable to the losses caused by Hurricane Sandy or Katrina. The report also shows that entrepreneurs, more than any other social group, are acutely aware of humanity entering the era of cyber-dependency in which the digital frontier will determine our welfare and success. Cyberattacks are recognised as the risk of greatest concern to doing business in North America and the East Asia/Pacific region, ahead of such traditional factors as financial crises, assets bubble or even terrorist attacks.