Next global cyber attack could cost insurers $2.5 billion: Official

CERT-LatestNews Malware Security News ThreatsCybercrime Uncategorized

Graeme Newman, chief innovation officer at U.K.-based specialty lines underwriter CFC Underwriting Ltd., said that the next global cyber attack could cost cyber insurers about $2.5 billion, Bloomberg reported. The cyber attack combining ransomware WannaCry’s wide reach and malware Petya’s destructive force could cost insurers a full year of gross premiums, Mr. Newman said.

Read more.

http://www.businessinsurance.com/article/20170707/STORY/912314328/Next-global-cyber-attack-could-cost-insurers-%2425-billion-Official

Tagged