Asia-Pac ports underinsured against cyberattacks; one attack could cause up to US$110b in losses, Transport

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LOSSES from a cyberattack on ports in Asia-Pacific could range from US$40.8 billion to US$109.8 billion, according to scenarios studied by the Singapore-based Cyber Risk Management (CyRiM) project.

But insurance industry losses would just be between 8 and 9 per cent of the total loss,…

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