Cloud computing: Why a major cyber-attack could be as costly as a hurricane

By Danny Palmer, ZD Net

The economic costs of a large cyber-attack could be as large as the impact of a major natural disaster.  “To compare the degree of economic cost, estimates now are that if attackers took down a major cloud provider, the damages could be $50bn to $120bn, so something in the range of a Sandy event to a Katrina event,” said John Drzik, president of global risk and digital at insurance broking and risk management company Marsh, speaking at the launch of the World Economic Forum.

http://www.zdnet.com/article/cloud-computing-why-a-major-cyber-attack-could-be-as-costly-as-a-hurricane/

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from Educational Technology http://people.uis.edu/rschr1/et/?p=36011