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, however, would be covered by insurance, report says. Lloyd’s estimates the market is worth $3 billion to $3.5 billion, but actual risks are tough to estimate, it says. A global attack that leveraged a widespread software vulnerability could cost as much as $28 billion, the report says, with only 7 percent of losses covered. The figures could swing much lower or much higher.”]
Source: https://www.bankinfosecurity.com/major-cloud-services-attack-could-cost-53-billion-a-10116