Wyly Wade

A cyber attack on the US east coast could cost economy $1 trillion

The report from the University of Cambridge Center for Risk Studies and the Lloyd’s of London insurance market outlines a scenario of an electricity blackout that leaves 93 million people in New York City and Washington DC without power.

The scenario, developed by Cambridge, is technologically possible and is assessed to be within the once-in-200-year probability for which insurers should be prepared, the report said.

University of Cambridge

University of Cambridge (Photo credit: Wikipedia)

Read more: http://www.businessinsider.com/r-cyber-attack-on-us-power-grid-could-cost-economy-1-trillion-report-2015-7

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A cyber attack on the US east coast could cost economy $1 trillion

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