Report: Cyber-attacks could cost us more than hurricanes

Get the Full StoryCyber-attacks could soon be costlier than natural disasters, says Lloyd s of London. A new report from the specialty insurer claims economic losses related to the cyber threat in the US could be as high as 121 billion. The cyber insurance market, which Lloyd s estimates to be worth around 3 billion, is tapping into a rapidly increasing demand, and companies are losing more than ever before. According to Lloyd s and research partner Cyence, a cyber-security analysis company, last year s world-wide losses were astounding: In 2016, cyber-attacks were estimated to cost businesses as much as 450 billion a year globally. As a… This story continues at The Next Web