Global Cloud Shutdown Could Result in $53B in Losses, Report Finds

As cyber-threats continue to grow, so too are the costs and risks associated with cyber-insurance. In a 56-page report, insurance provider Lloyd’s of London and cyber-risk analytics firm Cyence provide metrics and insight into how to measure and evaluate modern cyber-risks. Among the top-line findings in the report is that in a worst case scenario for a cloud service provider, an outage from a cyber-attack could result in $53 billion in losses.

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