News

Cyber insurance represents ‘small proportion’ of potential economic losses from major attack

By 2023-10-18T09:17:00

cyber insurance (4)

A risk scenario published by Lloyd’s of London shows such an attack could result in potential global economic losses of $3.5tr (£2.8tr)

Cyber insurance represents a “small proportion” of potential economic losses should major financial services payments systems get hit by a major attack.

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