Lloyd’s of London estimates multi-billion-dollar loss figures in worst-case scenarios of a major zero-day exploit or massive cloud outage.
WannaCry spread like wildfire in a matter of days reaching 150 countries and creating an anticipated $4 billion in losses, but if attackers were to launch a global, system-wide attack that hit a multitude of cloud-based companies, the worst-case scenario losses could potentially reach $53 billion in just a few days, according to a report released by cyber risk analytics firm Cyence and insurer Lloyd’s of London.