Potential global cyberattack could cause over RM790bil worth of damage


FILE PHOTO: A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration/File Photo

A co-ordinated global cyberattack, spread through malicious email, could cause economic damages anywhere between US$85bil (RM349bil) and US$193bil (RM793bil), a hypothetical scenario developed as a stress test for risk management showed.

Insurance claims after such an attack would range from business interruption and cyber extortion to incident response costs, the report jointly produced by insurance market Lloyd's of London and Aon said on Tuesday.

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