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Reuters: Potential global cyber attack could cause $85 billion-$193 billion worth of damage


A global ransomware cyber-attack could cost $193 billionn and affect more than 600,000 businesses worldwide, says a new report produced by the Centre for Risk Studies at Cambridge Judge Business School and other partners. The report, entitled Bashe attack: Global infection by contagious malware, was issued by the Cyber Risk Management (CyRiM) project, a Singapore-based public-private initiative that assesses cyber risks, of which the global insurance market Lloyd’s is a founding member.

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