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Lloyd’s of London report forecasts multibillion dollar losses due to cloud outages

By Andy Moss & Jim Barbuto on 13 February 2018

On Tuesday, January 23, Lloyd’s of London and AIR Worldwide co-published a report regarding the financial fallout that could occur if a cyber incident or shutdown of a cloud computing provider happened in the United States. The report noted that losses could be around $19 billion with only about $3 billion being covered by insurance.…

Posted in Cyberliability

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