Lloyd’s systemic risk scenario reveals potential cyberattack losses of $3.5tn
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Lloyd’s systemic risk scenario reveals potential cyberattack losses of $3.5tn

Aisling Finn
18 October 2023
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A new systemic risk scenario from Lloyd’s has revealed a hypothetical, but plausible, cyberattack on major financial service payments systems could result in widespread disruption to global business and potential global economic losses of $3.5tn.

The three countries that experience the highest five-year economic loss from the scenario are the United States at $1.1tn,

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