A cyber attack on a major financial services payment system could potentially cost the global economy $3.5tn over a five-year period, according to research from Lloyd’s and the Cambridge Centre for Risk Studies. The cyber insurance market is a relatively nascent market, valued at $9.2bn in 2022, and is projected to reach up to $25bn by 2025. In such a scenario, the US would face the highest economic loss at $1.1tn, followed by China ($470bn) and Japan ($200bn).
Nissan Australia-New Zealand hit by cyberattack, potential personal data breach
Nissan’s operations in New Zealand and Australia have been targeted by hackers. The extent of the cyberattack and the potential compromise of customer data is
