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Study Examines Retail Risk From Cloud Service Provider Attack

4 monthes ago   |   By

A study from Lloyd's of London said a cyber attack on U.S. cloud service providers could result in up to $3.5 billion in insured losses for the retail and wholesale trade sectors.
Specifically, a cyber incident that takes down a top-three cloud service provider in the U.S. for between three to six days would results in a loss of at least $1.4 billion for the retail and wholesale trade industry, and up to $3.5 billion.
The study concluded that organizations on average would face economic losses of up to $19 billion, with the overall manufacturing sector seeing direct economic losses of up...
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