Lloyd’s Raises Alarm Over Rising Risks Of Online Attacks | #malware | #ransomware

By Ronan Barnard (June 30, 2022, 3:42 PM BST) — Lloyd’s of London said on Thursday that insurers must help customers strengthen their IT security, warning that there is a growing threat of politically motivated online attacks to the world’s infrastructure and private assets.

The specialty insurance marketplace published a report on three hypothetical scenarios in which online attacks target national infrastructure and private assets, potentially causing battery fires, boiler explosions and other disasters.

The report, entitled “Shifting powers: Physical cyber risk in a changing geopolitical landscape,” said online security has become a growing concern for businesses and states. It noted that the number of cyberattacks against critical infrastructure has risen from fewer than…

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