News release: “McAfee, Inc. revealed [at the World Economic Forum Annual Meeting 2010] the staggering cost and impact of cyberattacks on critical infrastructure such as electrical grids, oil and gas production, telecommunications and transportation networks. A survey of 600 IT security executives from critical infrastructure enterprises worldwide showed that more than half (54%) have already suffered large scale attacks or stealthy infiltrations from organized crime gangs, terrorists or nation-states. The average estimated cost of downtime associated with a major incident is $6.3 million per day. The report, In the Crossfire: Critical Infrastructure in the Age of Cyberwar, commissioned by McAfee and authored by the Center for Strategic and International Studies (CSIS), also found that the risk of cyberattack is rising. Despite a growing body of legislation and regulation, more than a third of IT executives (37%) said the vulnerability of their sector had increased over the past 12 months and two-fifths expect a major security incident in their sector within the next year. Only 20% think their sector is safe from serious cyberattack over the next five years.”