Major Cyber-Attack Could Cost World Economy $121.4bn

Infosecurity Magazine | July 17, 2017

Major Cyber-Attack Could Cost World Economy $121.4bn
A huge global cyber-attack could cost the world economy $121.4bn, according to a new report by one of the world’s biggest insurers, Lloyd’s of London. In its report, which it has co-written with Cyence, a cybersecurity analytics platform provider, the insurer suggested that the direct economic impacts of cyber events lead to a wide range of potential economic losses. If a major cloud service was disrupted, the losses could range from $4.6bn for a large event to $53.1bn for an extreme event, it said.

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Every CISO knows that finding skilled security staff these days is not only hard but getting harder. The number of organizations reporting a cybersecurity skills shortage has risen every year from 42% in 2015 to 53% last year. Estimates suggest this will translate into a shortfall of around 2 millio


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Spotlight

Every CISO knows that finding skilled security staff these days is not only hard but getting harder. The number of organizations reporting a cybersecurity skills shortage has risen every year from 42% in 2015 to 53% last year. Estimates suggest this will translate into a shortfall of around 2 millio

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