Cyber hack could cost $120bn, says Lloyds.

Lloyds, which has a 20-25% share of the cyber insurance market, says that a major cyber attack could cause over $120 billion of potential losses and that many organisations are under-insured. In a report co-authored with risk-modeller Cyence, Lloyds finds that: The WannaCry ransomware attack in May cost $8 billion across 100 countries, says Lloyds. ...

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