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Cyberattack on major payment system could cause $3.5T loss, Lloyd’s says

A cyberattack on a financial services payment system could result in $3.5 trillion in global economic losses over five years, according to research from Lloyd’s of London and the Cambridge Centre for Risk Studies. The U.S. is estimated to face the most loss, with more than $1 trillion potential losses over five years. China’s losses could be about $470 billion while Japan could lose $200 billion.

Source: www.propertycasualty360.com –

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