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Biggest cyberattack ever caused $15 billion loss to customers of companies directly hit, though banks softened impact, study says

By Neil Roland ( July 31, 2020, 21:05 GMT | Insight) -- The NotPetya cyberattack by Russian military intelligence on Ukrainian infrastructure in 2017 caused a $15 billion loss to customers of companies directly hit, with bigger losses for customers with fewer alternative suppliers, a federal study said. “This result highlights the importance of building more resilient supply chains to mitigate the effects of disruptive cyberattacks as well as other shocks, including the Covid-19 pandemic,” the US Federal Reserve Bank of New York study said.The most damaging cyberattack ever, by Russian military intelligence on Ukrainian infrastructure in 2017, caused a $15 billion loss to customers of companies directly hit, with bigger losses for customers with fewer alternative suppliers, a federal study said....

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