1/23/2018 2:46:04 PM | less than a minute read

Cyber attack is now the insurance sector’s main battle ground

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Mike Daly

Transformation, AI, Insurtech, Insurance Transformation

Get in touch

Mike Daly

Transformation, AI, Insurtech, Insurance Transformation

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 Yiu South 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.

www.scmp.com/...