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Global Economy Could Lose $3.5trn in Systemic Cyber-Attack

A systemic risk scenario published by insurance company Lloyd’s of London details potential global economic losses of $3.5 trillion due to cyber-attacks. The study worked with the Cambridge Centre for Risk Studies to explore nine hypothetical systemic risk scenarios, and found that the US, China, and Japan would experience the most significant economic losses. The findings underline the complex risk posed by cyber threats and the need for cross-sector cooperation.

Source: www.infosecurity-magazine.com –

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