According to reinsurer Munich Re, geopolitical conflicts are becoming one of the main drivers of global cyber risk. These risks include targeted hacking of critical infrastructure, attacks on free elections, and attempts at destabilization and disinformation.
Geopolitical conflicts and global power games increased the likelihood of “a systemic, catastrophic cyber event,” according to a paper published Friday.
“All future geostrategic conflicts, including ‘hot wars,’ will have a cyber component,” said Martin Kreuzer, the company’s cyber risk expert. “Conversely, cybersecurity concerns are increasingly driven by geopolitical circumstances.”
In his statement, Munich Re did not accuse any state by name. Publications by other professionals in the US and Europe often mention Russia and China.
The background of the analysis is that the assessment of all types of risks in the insurance business is one of the basic principles of risk calculation. Munich Re assumes that state-developed technology and procedures for cyber attacks will end up in the hands of ordinary hackers. (aeg/sda/awp/dpa)
Source: Watson
I’m Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.
