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Asia Pacific Insurance Political and Trade

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

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‘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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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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