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Report Underscores Growing Scope of Cyber Risk for Insurers
Cyber risk analytics firm Cyence and specialty insurance market Lloyd’s of London in July 2017 published a joint report that explores the financial impact on insurers of two specific cyber scenarios in terms of dollars and probabilities. Cyence’s economic modeling platform for cyber risk identified and quantified the potential outcomes that could affect insurance companies’ cyber portfolios. The report focused on two increasingly common cyber events: a cloud service provider