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.
Concerns over the security of electronic personal health information intensifies
Ascension Health warned that the personal data of its patients and staff were compromised during a ransomware attack in May that impacted around 5.6 million
