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A report backed by Lloyd's of London said that a cyber attack on Asian ports could cost up to $110 billion, Reuters reported. The report was based on a simulated cyber attack that disrupts 15 ports in Japan, Malaysia, Singapore, South Korea and China and it concluded that around 92% of the cost of such an attack would be uninsured.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees