"Volt Typhoon, if realised, is a Category 5 - lots of organisations and serious impact. The potential damage could exceed £5bn, affecting tens of thousands of organizations."
"We always felt that there would be interest, but now that we have proven the case in the UK, there is demand from organisations in the US to set up something there."
"The CMC rated the cyber attack against Marks & Spencer and the Co-op as a Category 2 cyber incident, with total costs between £270m and £440m."
"The attack against Jaguar Land Rover (JLR) was a more severe Category 3 event, with an overall financial impact of £1.9bn."
The Cyber Monitoring Centre (CMC) in the UK plans to establish a US operation to assess the financial impact of cyber crime incidents. This initiative follows a year of successful operations in the UK, where significant cyber attacks have occurred. The CMC uses a hurricane scale to rate incidents, with recent attacks causing substantial financial losses. The US operation is expected to begin in the background this year and go live in 2027, driven by demand from organizations seeking similar assessments.
Read at ComputerWeekly.com
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