Tag Archives: technology risk

Shen Attack Cyber Risk Scenario: up to $110 billion at risk from maritime malware attack

Shen Attack Cyber Risk Scenario: up to $110 billion at risk from maritime malware attack

  What would be the impact on insurers and the global economy if key ports in Asia-Pacific were closed as a result of a cyber attack? Our new scenario report explores the impact of a hypothetical computer virus which closes up to 15 ports in Asia. Economic losses from closures and disruption range from $40.8Read more

What was the cost of Friday’s UK power outage?

What was the cost of Friday’s UK power outage?

Power outages have significant impacts on business continuity. They lead to reduced foot traffic, damaged perishable inventory, and an inability to process payments or communicate with customers. The three-hour outage in England and Wales on Friday, 9 August, demonstrated the scale of disruption these events can cause. One million households across the UK were affectedRead more

Chipmageddon: New security vulnerability in modern CPUs could enable the mother of all data breaches

Chipmageddon: New security vulnerability in modern CPUs could enable the mother of all data breaches

As users continue to demand faster performance from computers, chip designers have baked in a serious design flaw that exposes a computer’s internal memory to hackers via two major security exploits, code named Meltdown and Spectre. These exploits allow an adversary to access kernel-level memory without proper security checks, potentially gaining access to passwords andRead more

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