Major cyber attack could create $8.1bn insured loss: Lloyd's

A major outage at several cloud service providers could trigger an
average of $53bn of economic losses and as much as $8.1bn of
insured losses, according to a research report published by
Lloyd's today.
The collaboration between Lloyd's and cyber modelling and
analytics firm Cyence modelled the impact of two major cyber
scenarios.
Lloyd's CEO Inga Beale said the report had provided the
scenarios to help insurers gain a better understanding of their
cyber risk exposures so they could improve...