Report: Major Cloud Services Attack Could Cost $53 Billion

What trait does a global cyberattack and a hurricane share? Both could cost insurers – and victims – dearly, according to a report published Monday by insurance giant Lloyd’s of London. See Also: How the New World of Digital Banking is Transforming Fraud Detection A global, major attack on cloud computing services could cost an average of $53 billion, according to the report, which was co-written with Cyence, a firm that helps the insurance industry evaluate cyber-related risks.

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