News Risk Management04 Nov 2019

Major APAC ports could face $110bn losses in an extreme cyber attack


A single cyber attack in Asia Pacific could cost a substantial $110bn in an extreme scenario in which a computer virus infects 15 ports across Japan, Malaysia, Singapore, South Korea and China. This finding was revealed in a new research report entitled 'Shen attack: Cyber risk in Asia Pacific ports' which has been jointly produced by the Cyber Risk Management (CyRiM) project led by Nanyang Technological University, in collaboration with industry partners and academic experts including Lloyd's, a founding member of CyRiM.

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