AIR Currents

The Hurricane Andrew of the cyber world has yet to occur

December 18, 2015

Hurricane Andrew’s devastating Florida landfall in 1992, which resulted in billions in insured losses and the insolvency of a dozen insurance companies, spurred the development and growth of the modern catastrophe modeling industry. In the cyber world, a true turning-point event—a hack of a large, centralized target possibly affecting millions of people—has yet to occur. Learn more about aggregated cyber risk and “nightmare” scenarios in this AIR Currents article.

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