New Research: Cyber war could cost $700 billion US equivalent to 50 Katrina’s

Now this is breathtaking because new research for the US Cyber Consequences Unit have showed that there could be destruction from one single wave of cyber attacks on major critical infrastructures could cost a massive $700 billion US, if this cyber war happened it would cost about 50 times as much as the Katrina destructions.

U.S. Cyber Consequences Unit researcher Scott Borg has said that this economic impact illustrates we must really think radically and rethink our strategy; we have entered a new military era without a Hiroshima to make it obvious.

Cyber war basically refers to conducting military operations according to the information related principles. It also means major disrupting or destroying information and communications systems which would be fatal. Cyber crime is deadly without a doubt.

What we would like to know is with this new research where a cyber war and attack which could cost a staggering $700 billion US which is equivalent to 50 Katrina’s “Where on earth would this kind of attack leave us? Other than penniless.