Lloyds of London Chief Executive Inga Beale said "a malicious hacker who takes down a single cloud service provider, for instance, could easily end in losses of well upwards of US$50 billion."
"While attacks on computer operating systems run by a large number of businesses around the world, could end up causing companies losses of US$30 billion, leaving big business or even governments highly exposed."
Enoch YiuSouth China Post 16th Jan 2018
Lloyds, a collection of syndicates first formed in 1686, is still the most respected name and expert in the industry, and has published a hard-hitting 56-page report, “Counting the cost: Cyber exposure decoded”, underlining just how expensive cyberattacks have spiralled in frequency, and how they are expected to keep growing in number, and severity, over the next decade.
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