S. Korea again urges N.Korea to participate in 2018 Winter Olympics
Chemistry between Chloe and Nadine is key in The Lost Legacy
USB 3.2 Specification Promises "Double Speed" Using The Same Type-C Connector
Moto Z2 Force official with 'shatterproof' display, Snapdragon 835 CPU
Kaspersky now offers a free version of its security software
Major cyber attack could trigger losses of £40.5bn, says Lloyd's
17 July 2017, 08:06 | Patty Hardy
Think Superstorm Sandy was bad? A major global cyber attack could cost $53bn, warns Lloyd's of London
The report likened the cost of a major cyberattack to Hurricane Sandy, the second most costly storm in history, which caused damage of between $50 billion and $70 billion to the northeastern United States five years ago.
That's according to noted banking group Lloyd's of London, which teamed up with risk-modelling firm Cyence to look at several potential cyber-attack disaster scenarios.
For the uninsured gap, losses could be as much as $45bn for the cloud services scenario - meaning less than a fifth (17 per cent) of the economic losses are actually covered by insurance.
With an uptick in cyberattacks across the world, from WannaCry to Petya ransomware, a new report from banking heavyweight Lloyds of London warns just how vulnerable the US economy could be in the event of an extreme attack.
Canon Refreshes DSLR Lineup But Skips 4K
It has Dual Pixel CMOS AF with phase-detection, which is an incredible thing for a camera as it makes it more accurate and fast. Alongside 1080p video recording at 60FPS, the EOS 6D Mark II is also capable of shooting timelapse videos at 4K resolution.
Operating system hacking can incur losses between $9.7 billion and $28.7 billion, says the Lloyds report. "Just like some of the worst natural catastrophes, cyber events can cause a severe impact on businesses and economies, trigger multiple claims and dramatically increase insurers' claims costs", Lloyd's of London Chief Executive Inga Beale said in a statement. What makes it even more challenging is a lack of historical data on which insurers can base their assumptions. This mostly involved business interruptions and computer repairs.
In June, a global wave of cyberattacks that began in Russian Federation and Ukraine and spread to western Europe and across the Atlantic wrought havoc on government and corporate computer systems. NotPetya was significantly less costly - globally, it cost organizations US$850 million.
Among those identified are a malicious hack taking down a cloud service provider - this could cost anything between $15billion and $121billion.
The threat of cyber attacks continues to rise, and in response so to is demand for cyber coverage and the desire among insurers and reinsurers to develop adequate, affordable and effective cyber risk solutions.
Lloyds has about one-quarter of the emerging area of cyber insurance and says risks are more hard to model than natural disasters due to the human element, which means underlying assumptions can change quickly.
Samsung Pay partners with PayPal
Currently, Samsung Pay is available for users of devices like Samsung S8, Samsung S7 Edge, S7, J7 Max and J7 Pro among others. In 2014, we worked with Samsung to enable mobile payments with just a fingerprint.
3 years on, families commemorate loved ones lost on MH17
Most of those on board were Dutch, but 17 other nationalities were represented in the death toll, including 38 Australians. The Dutch government said earlier this month that any suspects will be prosecuted in the Netherlands.
AstraZeneca plc (LON:AZN) Given Hold Rating at Shore Capital
Blackrock Inc has 0% invested in CU Bancorp (NASDAQ:CUNB) for 3,932 shares. 17 funds opened positions while 26 raised stakes. Finally, Quadrant Capital Group LLC increased its position in shares of Astrazeneca PLC by 157.1% in the first quarter.
Vehicle lands on roof of St. Louis home
Authorities arrived at the house about 12:40 p.m.to find the SUV on the roof and the driver trapped in the SUV. East Alton, IL (KTRS) The Major Case Squad is investigating the death of an East Alton man.
OU's Okoronkwo named to Butkus Award watch list
The award named after legendary linebacker Dick Butkus has been presented by the Butkus Foundation in every year since 1985. He previously was named to the Maxwell Award Watch List, which is given to America's College Player of the Year.
Meter-taxi operators attacking Uber drivers
Uber launched their hailing service in South Africa in 2013, attracting thousands of people to their application. Ndou said the meter taxi operators complained that it seemed Uber could do as it pleased.