CyberNew CyberNew
Threat Intelligence & APT The Record 1 week ago

Russian cyberattacks against UK are 'Putin Tax' costing $3.3 billion, says lawmaker

CN
CyberNew Threat Research Desk
• Original Reporting: The Record
CyberNew Threat Intel Assessment
Assessed Severity: CRITICAL
Impacted Surface
Enterprise Perimeter & Network Defense
Intelligence Sector
Threat Intelligence & APT

Analyst Takeaway

"Russian President Vladimir Putin on the tarmac at Joint Base Elmendorf Richardson in Anchorage, Alaska, on August 15, 20205. Image: Daniel Torok / The White House Russian cyberattacks against UK are 'Putin Tax' costing $3.3 billion, says lawmaker The British government is failing to measure what Russian cyberattacks, sabotage and threats to critical infrastructure are costing the country,..."

Recommended Defense & Mitigation

  • Emergency Patching: Prioritize vendor patches and CVE mitigation across internet-facing assets immediately.
  • Perimeter Audit: Inspect perimeter firewall logs and hunt for unauthorized RCE indicators.
Curated & Verified by CyberNew Threat Intelligence Desk Standard Defense Framework (NIST / MITRE ATT&CK)
Vladimir Putin
Russian President Vladimir Putin on the tarmac at Joint Base Elmendorf Richardson in Anchorage, Alaska, on August 15, 20205. Image: Daniel Torok / The White House

Russian cyberattacks against UK are 'Putin Tax' costing $3.3 billion, says lawmaker

The British government is failing to measure what Russian cyberattacks, sabotage and threats to critical infrastructure are costing the country, according to a lawmaker’s report published Wednesday. 

The report, which gives its own estimate of between £2 billion and £2.5 billion ($2.6 billion to $3.3 billion) a year — a figure described as a floor — is titled The Putin Tax and written by Labour MP Graeme Downie, alongside postdoctoral researcher Dominic Reed.

Its authors say their methodology in arriving at that figure was limited, but stressed the principal point was the lack of an official alternative.

Source Verification & Original Intelligence

This threat report was reviewed by CyberNew analysts and cross-referenced with primary security disclosures from The Record.

Primary Advisory →