17 Jul '17, 6am

Cyber hack could cost $120bn, says Lloyds

Cyber hack could cost $120bn, says Lloyds

In a report co-authored with risk-modeller Cyence, Lloyds finds that: The WannaCry ransomware attack in May cost $8 billion across 100 countries, says Lloyds. The NotPetya virus which attacked ports, law firms and factories cost $850 million. Average cyber attack losses are in the $4.6 billion to $53 billion region and actual losses could be as high as $121 billion, the report said. Operating system hacking can incur losses between $9.7 billion and $28.7 billion, says the Lloyds report.

Full article: https://www.electronicsweekly.com/news/business/cyber-hac...

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