Major Payments System Hack May Cost $3.5 Trillion
Cyber insurance is one of the fastest-growing markets, as more companies look for coverage against cyber-attacks. According to Lloyd's of London, premiums amounted to more than $9 billion last year, and are predicted to reach as much as $25 billion by 2025.
Lloyd’s of London, a hub for cyber insurance, warned that a major cyber-attack on a global payments system could cost the world economy $3.5 trillion. Earlier, a chief executive for the insurance group Zurich warned that cyber-attacks were on their way to becoming “uninsurable.” Read more about this story on our LinkedIn page
Lloyd’s of London, a hub for cyber insurance, warned that a major cyber-attack on a global payments system could cost the world economy $3.5 trillion. Earlier, a chief executive for the insurance group Zurich warned that cyber-attacks were on their way to becoming “uninsurable.” Read more about this story on our LinkedIn page