Get a Pentest and security assessment of your IT network.

News

Catastrophic Cloud Attack Costs Would Rival that of Hurricane Damages

Cyber risk analytics firm Cyence and insurer Lloyd’s of London released a report on potential damages from cyberattacks. Worst-case scenario losses could potentially reach $53 billion in just a few days, the report says. The multi-billion dollar figure is on par with the damages of a major hurricane. Cybercrime landscape is very dynamic and generates copycats for popular and lucrative attacks, says CTO George Ng. Last year, property-casualty insurance companies wrote $1.35 billion in cyber insurance premiums, report notes.”]

Source: https://www.darkreading.com/cloud/catastrophic-cloud-attack-costs-would-rival-that-of-hurricane-damages

Related posts
News

Ashley Madison 2.0 Hackers Leak 20GB Data Dump, Including CEO's Emails

News

Art of Twitter account hacking

News

RasGas, The Second Victim!

News

Technical analysis of the Locker virus on mobile phones