The economic dimension of cyber attacks

Developing communication technologies have always been first tested in battlefields. The famous German Enigma reminds us of the concept of encrypted wireless communication security. The cost of this system, which was subsequently solved by England, had severe consequences that would go on until the Germans lost the British front. Although there are plenty of examples in history, there is an economic dimension between the results of communication security and information security. Nowadays, information systems have taken place in internet banking, online markets, production management, military fields and defense investments in the economy. This is in addition to the convenience of information technology. Information security has also increased in importance and in the last century cyber attacks have caused serious economic damage. States that have discovered this have developed cyber defense strategies. They have begun to devote cyber security to their defense budget and strategy action plans. With the increasing technological adaptation in recent years, the economic dimension of cyber attacks has gradually increased its severity and has caused cyber wars. Furthermore, it is not possible to differentiate between cyber warfare and attacks as the power of attorney wars that we face in real life today is also valid in the cyber world. Both groups are associated with each other to attack. There is no study on the economic effects of cyber attacks and cyber wars. During the course of our research, we can say that the data at the hands of institutions, organizations and companies which are competent in this field is not yet sufficient to calculate the economic effects of cyber attacks more accurately with econometric analyzes. Therefore, in our study, we have tried to emphasize the economic relations and effects of cyber attacks and to provide an approach, method and perspective to calculate these economic impacts in the future when sufficient data and understanding is formed.