Cyberattack On Asia Ports Could Trigger $110B Losses
Law360, London (October 30, 2019, 3:51 PM GMT) -- A single cyberattack on major ports in the Asia-Pacific region could lead to global losses of $110 billion, specialist insurance market Lloyd’s of London has warned.
A report published by Lloyd’s of London on Tuesday found that the global economy is woefully unprepared for a major cyber-incident, even though the cost of a single attack would be equivalent to half of all losses resulting from natural catastrophes in 2018.
The report explores the hypothetical impact of a software virus spreading to 15 ports across Japan, Malaysia, Singapore, South Korea and China. It found that 92% of the losses, or $101 billion, from...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!