Cambridge Center For Risk Studies news and trends

Lloyd’s of London: Payments System Cyberattack Could Cost $3 Trillion

October 18, 2023
Lloyd’s: Payments System Cyberattack Could Cost $3 Trillion
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Lloyd’s of London: Payments System Cyberattack Could Cost $3 Trillion

October 18, 2023
A report found that a major payment system cyberattack could cost $3 trillion. The report, “Illuminating cyber crime,” was published Wednesday (Oct. 18) by insurance marketplace Lloyd’s of London and the Cambridge Center for Risk Studies, which researches systemic threats. It said that even the least severe scenario would lead to a five-year economic loss […]