LONDON (Reuters) - A major cyber attack on a financial services payments system could lead to global losses of $3.5 trillion, with much of it not covered by insurance, commercial insurance market Lloyd's of London said on Wednesday.
The United States would suffer losses of $1.1 trillion over a five-year period from such an attack, which would cause widespread disruption to global business, according to a systemic risk scenario developed by Lloyd's and the Cambridge Centre for Risk Studies. China would face $470 billion in losses and Japan $200 billion over the same period, Lloyd's said.
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Update: Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s (Insurance Journal)
WNU Editor: $3.5 trillion in losses ?!?!?!? That would be one hell of a cyber attack.
11 comments:
So who launches that one? Definitely no one with a trillion dollars to lose. /Remember, it's "Global".
Kim Yo Jong
It would definitely change perceptions of hybrid warfare and of "bad" hackers. Such hackers or their employers might see hunter killer teams dispatched looking for them.
It won't be 10 or 20 years in prison. It will be termination without a trial.
Another thing. People will not see the need to start a war to get at the instigators. We have gone from blanket sanction in some cases to targeted sanctions against individuals. Why start a war and kill a million innocent young men on either side? Go straight to the top.
Crazy? It is crazy now. Since when is assassination a dirty word? It has been for two generations. The same type of people, who think the Statue of liberty is both policy and official law, are the same people, who think you should not assassinate foreign leaders.
Why not? when did that become bad? We tried to assassinate Hitler. That was official or as official as it was going to get. Later, it was Castro.
The USSSR created a talent pool or nurtured a talent pool of future leaders at Patrice Lumumba Peoples' Friendship University of Russia. Some people checked in, but they never left. That in my opinion is assassination. It is merely upstream far enough that IQ 100 believe that it is not.
When East Asian communists sent their kids to Moscow it was out of friendship and also a hostage policy.
Mwan2while back at the farm
Assholes are assholing
DOJ Subpoenaed Phone Records of Congressional Staffers Investigating Them
Florida Orders Closure of Students for Justice in Palestine Over Hamas Support
DeSantis has been weak on the campaign trail, which is unfortunate. He has been a great executive and shown real leadership.
Biden Administration Focuses on Menthol Cigarette Ban as the World Burns
Libtards legalizing all drugs except nicotine.
When the staff was selling this policy, they emphasized that blacks would be most put out by it.
Good
Verry funny
drugs now legal says the above. Can I buy crack at CVS?
Legal?
by law? No.
de Facto? Yes.
Biden administration is giving out free crack pipes.
Many blue cities do not prosecute the drug laws on the books.
Any drug prosecution are more of a rear guard action.
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