According to a study conducted by Lloyd's, the economic damage of a major cyber attack could amount to 121.4 billion USD. The premiums collected for this type of risk would represent only one-fifth of this amount.
Another example, the same study points out that a major attack on the cloud-computing platforms could cause about 53 billion USD in economic losses, as much as Hurricane Sandy which hit the United States in 2012.
The upsurge in "ransomware" attacks like WannaCry [4] or Petya should encourage companies to get covered against this type of risk.
According to some sources, the e-risk market generates currently 3.5 billion USD in premiums per year. This figure is expected to double by 2020 at 7.5 billion USD.
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