October 19, 2021
On April 3, 2020 we advised our clients to implement robust cybersecurity strategies, particularly in critical infrastructure sectors such as healthcare. 13 months later, major cyberattacks hit Ireland's health service, the Belgian government and a US energy firm.
Double extortion ransomware attacks, where hackers not only disrupt critical operations but also steal data, are rising each year, with most targets located in the United States and Europe. The immediate cost of ransomware remediation has more than doubled to USD1.85m in 2021 from USD761,106 in 2020, according to industry reports, with reputational damage and loss of market confidence imposing additional longer-term costs.
The Oxford Analytica Daily Brief delivers timely, impartial and actionable analysis of emerging trends and developments. Publishing every business day, we analyse the most important topics in all areas of the global political economy. On cybersecurity alone, our clients received 65 in-depth analysis and 203 quick response updates between May 2019 and mid-October 2021.
Through daily dissection and analysis of developments in global politics, macroeconomics and the political economy, the Oxford Analytica Daily Brief offers qualitative predictions of the impact of events ‘just over the horizon’.
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Our rigorous methodologies mean we have an excellent track record in predicting the course of key macroeconomic and geopolitical trends, and providing to clients the insight they need to prepare for contingencies.
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