Lloyd’s of London chief warns cyberattack is now the insurance sector’s main battle ground | South China Morning Post

Lloyd’s of London, the world’s oldest insurance market, has warned that financial and other companies are still not taking strong enough measures to defend themselves against serious cyberattack.

In Hong Kong this week, taking part in the Asian Financial Forum, its Chief Executive Inga Beale said a malicious hacker who takes down a single cloud service provider, for instance, could easily end in losses of well upwards of US$50 billion.

via Lloyd’s of London chief warns cyberattack is now the insurance sector’s main battle ground | South China Morning Post