The CrowdStrike incident in 2024 significantly disrupted the UK, grounding flights and halting hospital operations. In response, the Cyber Monitoring Centre (CMC) was established to assess the economic impacts of major cyber attacks, akin to how hurricanes are categorized. The CMC will utilize a five-point scale to determine the severity of cyber incidents, helping businesses secure appropriate insurance. This initiative marks a shift towards understanding the financial implications of cyber threats, establishing a clearer framework for evaluating the systemic challenges they pose to national infrastructure.
The Cyber Monitoring Centre aims to categorize cyber attack impacts on a hurricane-inspired five-point scale, focusing on the economic ramifications for UK businesses.
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