Goldman analyst warns cyberwarfare could inflict high economic costs
Ronnie Walker, an economist at Goldman Sachs, in a wrap of research on the topic, said cyberattacks are expected to cause damage of about $1 trillion to the global economy each year
By Arghyadeep Dutta
Published - Mar 07, 2022, 04:12 PM ET
Last Updated - Feb 20, 2024, 12:32 PM EST
• Cyberattacks could cause $1 trillion in damage to the global economy annually
• Two-thirds of all the cyberattacks were attributed to Russia in recent years
Goldman Sachs Group Inc analyst warned an escalation in the Russia-Ukraine crisis could trigger “malicious cyber activity” with the possibility to inflict high economic and social costs.
Ronnie Walker, an economist at Goldman Sachs, in a wrap of research on the topic, said cyberattacks are expected to cause damage of about $1 trillion to the global economy each year.
