Briefly describe the main characteristics of economic loss as a result of a spoofing attack.

What will be an ideal response?

Economic loss may occur when valuable data is lost or duplicated.Distributing the bank account numbers, balances, and accounting data of a large conglomerate might have an impact upon a large number of people, including both employees and competitors of the victim. Knowing exactly where things stand with the company can lead to unforeseen opportunity for others at the expense of the victim. There are other ways to get this sort of data, and industrial espionage is still a growth industry. But the surreptitious nature of a successful spoofing attack makes it possible that the company never knows exactly what happened or when.