Cyber attack on US power grid could result in losses up to $1 trillion

JMH

Emeritus, Contributor
Joined
Apr 2, 2012
Posts
7,197
When, on Wednesday, the New York Stock Exchange halted trading, The Wall Street Journal website went down, and United Airlines grounded flights - all practically at the same time - it seemed like a well orchestrated cyber attack had been launched against high-profile US businesses and organizations.

As it turned out, the outages were the result of technical problems and network connectivity issues. Still, I bet that for a brief moment, the US government and authorities worried that the moment that many security experts have warned about for years has come: a coordinated, widespread cyber attack against the country and its businesses.

As it happens, insurance market Lloyd's of London has, on the same day, published a research report produced with the help of the University of Cambridge Centre for Risk Studies, which investigates how a severe cyber attack against the US power grid could affect US businesses and what the impact on the US economy would be.
Cyber attack on US power grid could result in losses up to $1 trillion
 

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