Tag: economic loss
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DeFi Attacks: Token Collapse Adds $1.3 Billion Loss Beyond Direct Asset Theft
Cyberattacks on decentralized finance projects strike DAOs far harder than the value of stolen assets suggests. A new study reveals that the primary damage is not direct losses, but the collapse in the value of governance tokens. Across 22 DeFi incidents from 2020 to 2022, direct losses amounted to roughly $613 million, while the decline…
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German Economy Hit with €300 Billion in Damages from Cyberattacks
Cyberattacks originating not only from criminal syndicates but also from foreign intelligence services have inflicted nearly €300 billion in damages on the German economy over the past year. This conclusion comes from the industry association Bitkom, which surveyed roughly a thousand companies. According to their findings, enterprises are increasingly confronted with targeted assaults, and state-backed…