Tuesday, July 18, 2017

Insurers claim cyber calamities could cost more Hurricane Sandy

But then again they would say that, wouldn’t they?

Analysis  A study aiming to raise the profile of cyber insurance claims that cloud outages and ransomware outbreaks on the WannaCry scale could cost companies $ 81.7bn – more than natural disasters like 2012’s Hurricane Sandy. That’s an awful lot of money, but wait – before you fish out the wallet – how did the authors arrive at these numbers?…

The Register – Security
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