Citation[edit | edit source]
Lloyd's of London, Counting the Cost: Cyber Exposure Decoded (July 10, 2017) (full-text).
Overview[edit | edit source]
Lloyd's estimates that the global cyber market is worth between $3 billion and $3.5 billion. Despite this growth, insurers' understanding of cyber liability and risk aggregation is an evolving process as experience and knowledge of cyber-attacks grows. Lloyd's of London warns that a serious cyber-attack could cost the global economy more than $120bn (£92bn) — as much as catastrophic natural disasters such as Hurricanes Katrina and Sandy.