Also, the cost of preventing cyber-attacks and keeping the security systems updated is very expensive. This could disrupt the global economies with the potential of putting the world into a chaos which in turn would have a huge impact on people, corporations, and governments.
This report will be in two sections. The first section is the "Analysis", will begin by explaining the ways in which cyber-attacks can happen. It will talk about the different techniques that are used by hackers. It will then detail the impact of cyber-attacks on corporations, governments, people, and the global economies. This will be followed by a demand and supply analysis of cyber-attacks. The recommendations to mitigate the impact of cyber-attacks will be discussed lastly. The second section will be a summary and conclusion based on the analysis.
2. Analysis.
2.1 Cyber-Attack Techniques.
There are many kind of cyber threats that exist behind anything that is online or uses the internet. The probability of a threat being damaging is fairly high. Cyber-attacks can be carried out by individuals or small groups of people. In some cases where the objective is espionage, organized groups comprising of professional people could be responsible too. There are many techniques to carry out cyber-attacks and they can be controlled in different ways depending on the targets, i.e. people, corporations, governments, etc. Cyber-attacks can be classified into two types, Syntactic attacks and Semantic attacks. Syntactic attacks are the relatively straight forward and include malicious software like viruses, worms, and Trojan horses. These attacks typically happen via emails, chatting apps, web browsers, and bad websites. They disrupt the computer's operating system.
Viruses are software programs usually executable files (having a file extension of "exe") that can replicate themselves by attaching to another program or file(s).
