Report: Companies underestimate 'slow burn' of cyberattacks

(Jun 28, 2017) According to a Lloyd's of London report written with consultants KPMG and law firm DAC Beachcroft, European companies underestimate the long term effects of cyberattacks. "There is a lack of understanding as to what cyberattacks can mean," Lloyd's of London Chief Executive Inga Beale told Reuters, adding, "Businesses need to prepare for the full costs of a cyberattack." In addition to short-term costs like notification, companies need to prepare for potential loss of customers, devalued share pr... Read More