Industry Massively Underinsured Against Global Cyber Attacks: Study

Industry is massively underinsured against a major global cyberattack — which could trigger losses on a par with natural disasters such as Hurricane (Superstorm) Sandy. This is one of the main conclusions of a study conducted by Lloyds of London (the world’s oldest insurance organization with more than 20% of the global cyber insurance market), and Cyence (a risk modeling firm).