Cyber attacks could disrupt production, supply-chains: Munich Re

Munich Reinsurance Co. said that networking of machines and equipment has increased cyber-attack-related risks which could disrupt entire production lines and supply chains, The Star reported. The reinsurer said that companies across the world are likely to more than double their spending on cyber insurance to $9 billion in 2020 from $4 billion in 2017. The reinsurer said that the cost of large cyber attacks currently exceeds natural disaster-related losses.

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