Publications

- November 1, 2021: Vol. 14, Number 10

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The increasing cyberthreat to infrastructure: As the world goes digital, cyberthreats to infrastructure assets and businesses have ramped up dramatically.

by Alex Frew McMillan

During the past two pandemic-disrupted years, the world grew more reliant on cybernetworks. Criminals, some of them backed by sovereign states, had time and motive on their hands. Cyberattacks ramped up significantly both in number and scope.

Cybervictims paid ransoms worth more than $400 million in 2020, according to the U.S. Treasury, four times the amount paid the year before. The incentives for cybercrime are clear and increasing. However, that figure represents a fraction of the economic harm produced through business disruption, wasted work hours, not to mention activities, sometimes critical, put on hold.

Infrastructure represents a compelling target. Often critical in nature to a city or economy, always important, the asset class presents huge projects that are central to the way we live and work. Asset and fund managers say they are getting an increasing number of calls concerning the topic from investors.

“As an investor, this is something we have to

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