Cyberwarfare: an Emerging Global Risk Impacting our Society
By Vivek Seth
A featured article of our April 2020 edition of PRMIA's Intelligent Risk quarterly newsletter
In the context of global risks faced by countries, the risk of materialization of large-scale cyberwarfare has become increasingly prominent in recent years. Broadly speaking, cyberwarfare refers to deliberate cyber-attacks like spreading of computer viruses and hacking by one or a group of nations on another nation state’s technological infrastructure. Key motivations of such attacks include political aspirations to disrupt the operational activities, digital espionage, spreading misinformation, physical sabotage, coercion in decision making process and financial gain at the expense of the target country or international organizations. With an ever-increasing interconnectedness of the world via internet and digital infrastructure, targeted cyber attacks can prove to be an effective tool for causing large scale harm to victim government, military and corporations.
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