Lloyd’s recently published a scenario illustrating the potential global economic consequences of a major cyber-attack on financial services payment systems. The model identified data breach, compromising data validity, and prevention of access as key areas of impact. The United States, China, and Japan are expected to suffer the most significant economic losses, while restoring confidence and strengthening regulations would increase costs.
US government targets healthcare data breaches with new cybersecurity proposals
The US healthcare sector may face new cybersecurity rules estimated to cost $9 billion in their first year and $6 billion annually thereafter. The measures,
