Goldman Sachs Of All People Warn Of Cyber Pandemic; Sounds Like Foreshadowing.

An expert at Goldman Sachs Group cautioned that the escalation of Russia’s conflict with Ukraine might lead to greater “malicious cyber activities” with the potential to cause enormous economic and social repercussions (GSG). According to studies, cyberattacks cost the global economy roughly $1 trillion every year, with two-thirds of them being blamed on Russia in recent years, according to Goldman economist Ronnie Walker. Goldman Sachs economists are concerned as the Ukraine situation escalates tensions between the US, its allies, and Russia. According to Goldman Sachs’ top economist Jan Hatzius on March 7, no Russian-based cyberattacks targeting the US have been found since Russia invaded Ukraine in February. Hatzius, on the other hand, highlighted that rising tensions have “increased the risk” of a cyberwar between the two countries, especially because Russia was blamed for nearly 60% of state-sponsored cyberattacks last year.…

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