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).
News – Scroller Home Page – Kelly Benefits data breach compromised over half a million individuals – teiss
Summarize this content to a maximum of 60 words: News – Scroller Home Page – Kelly Benefits data breach compromised over half a million individuals teiss
