Worldwide cyberattacks caused up to USD1 trillion losses in 2016

Worldwide cyberattacks caused up to USD1 trillion losses in 2016 (Photo: Blogtrepreneur/Flickr)

MOSCOW—Recent cyberattacks across the world have cost its victims from USD300 billion to USD1 trillion, Russia’s Federal Security Service (FSB) said Thursday.

FSB Center deputy chief Nikolai Murashov made the assessment at the “Inforforum” annual IT security event in Moscow.

“According to data for the last few years, on the basis of different assessment methods, the damage from malicious programs amounted from USD300 billion to USD1 trillion,” Murashov said.