Global cyberattacks could see economic losses in the tens of billions of dollars, according to Lloyd’s of London.
Admittedly, this is coming from a company that provides insurance for such grim possibilities, but it would appear that the growing threat, and reality, of cyberattacks is only heading one way.
Lloyd’s and Cyence – a risk-modelling firm – have warned of such significant losses in a new report.
Those losses could reach $121B in what the duo see as the worst-case scenario. Through looking at various cyberattacks, however, they settled on an average cost of around $53B, should a truly global attack succeed.