A global, major attack on cloud computing services could cost an average of $53 billion, Lloyd’s of London says. Only 17 percent of those losses would be covered by insurance, report says. A global attack that leveraged a widespread software vulnerability could cost as much as $28 billion. Lloyd’s estimates the market is worth $3 billion to $3.5 billion, but actual risks are tough to estimate, warns the firm. “Cyberattacks have the potential to trigger billions of dollars in insured losses,” it says.”]
Source: https://www.careersinfosecurity.com/report-major-cloud-services-attack-could-cost-53-billion-a-10116