Here at the Edelson Institute, we follow the war cycles very closely: Larry’s research shows that the cycles of war and conflict continue to ramp up. And that this escalation will not peak until the year 2020.
A huge part of the war cycles is cyber-warfare. And we are witnessing just the beginning.
Case-in-point: The lingering ransomware attack that began in Europe last Friday and continues hitting new targets in Japan and China this week.
The WannaCry software has locked thousands of computers in more than 150 countries. This ransomware attack, which hit 370,000 computers, stands far and away as the most severe malware attack so far in 2017.
The spread of this troubling ransomware is far from over. There are reports that link this attack to North Korea. If confirmed, it will add to the growing tensions between the U.S. and North Korea.
This is on top of other massive cyber-wars between countries, of which the Russian hacking of the U.S. elections is just the most recent in a firestorm of examples. We also see cyber-espionage by governments against each other and against their own people.
A disruptive cyber-attack on critical infrastructure in the United States (e.g., telecommunications, electrical power grids, gas and oil reserves, water supplies, financial institutions, and transportation and emergency services) would be extremely harmful … and costly.
In fact, Cybersecurity Ventures – which tracks and analyzes trends in cyber-misconduct – predicts the annual global costs of cyber-crime will balloon from $3 trillion in 2015 to $6 trillion by 2021.