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Business Insurance: Potential global cyberattack losses could reach $193 billion

According to a new report, a coordinated global cyberattack spread through malicious email could cause up to $193 billion worth of damage. The report co-authored at the Centre for Risk Studies, Cambridge Judge Business School, includes a scenario in which the attack is launched through an infected email, which once opened is forwarded to all contacts and within 24 hours encrypts all data on 30 million devices worldwide.

Read the full article [ businessinsurance.com]