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Cyber attack on Asia Pacific ports could cost $110bn

A single cyber attack on major Asia Pacific ports could cost $110bn, roughly equivalent to half of all losses from natural catastrophes globally in 2018, according to new research from the University of Cambridge Centre for Risk Studies

‘High levels of underinsurance in Asia, which is also home to nine out of ten of the world’s busiest ports, means that these exposures must be urgently addressed,’ says John Neal of Lloyd’s

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