The potential loss of cyber attacks is $ 12 billion!
The amount of cyber attack worldwide has increased so much that it can bring an economic loss of $ 53 billion. And the total loss of this amount can be equal to $ 12 billion.
The loss of the superstorm 'Sandi' in the United States in 2012, claims that it is equivalent to a disastrous natural disaster, the UK's financial institution, the Lloyds of London, said.
Lloyds of London released the report on Monday. The report's co-authors Risk Modeling Firm 'Science' also tried to explain the possible economic losses. Where hacking in business and cyber attacks on global computer systems are said to be damaging.
Insurance companies are also working to protect themselves from this loss and warn financial institutions about potential cyber attacks. Simultaneously, insurance companies are struggling to provide a cyber security insurer. In this case, however, the insufficiency of information has become a barrier to insurance companies.
Because the insurance companies are frozen, the cyber sector is a different world. According to the collective data collection, there are a few different ways to understand and understand.
According to Science, the Wanakai Ransomware was attacked in more than 100 countries last May, due to the global economic losses of $ 800 million
Of these damages, the cost of repair of the computer is estimated.
After this, another major ransomware attack in June, 'Knopteyaya' has lost 850 million dollars in financial loss.
However, the report said that the amount of damage to cyber attacks would be at least $ 4.6 billion to $ 53 billion. If there is a thorough calculation, then considering the total loss of this financial loss, it will be worth $ 121 billion.
However, the probability of this possible loss can be from 9.7 to 28.7 billion US dollars.
At present, the Cyber Insurance Market has 20 to 25 percent shares of the Lloyds of London.
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