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A report by Canada-based information technology services provider CGI Group Inc. and U.K.-based research firm Oxford Economics Ltd. found that cyber attacks across seven global stock exchanges have cost investors at least £42 billion ($52.7 billion) since 2013, City A.M. reported. Share prices declined by an average of 1.8% on a permanent basis following a severe breach. Investors in a typical Financial Times Stock Exchange 100 Index firm lost an average of £120 million after a cyber attack.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms