The world economy is unprepared for a cyber attack as 92% of the total capital is uninsured, said report. © AFP/Getty Images
The world economy is unprepared for a cyber attack as 92% of the total capital is uninsured, said report. © AFP/Getty Images

Cyber attack on APAC ports could cost $110bn

30 October 2019

A single cyber attack affecting multiple Asia-Pacific ports could potentially cost up to about $110bn and cause “severe disruptions” across the maritime supply chain, according to a report. 

Research carried out by two universities found that if a computer virus hit 15 ports across Asia, including Japan, China, South Korea, and Singapore, the global economic fallout would be between $40.8bn and $109.8bn.

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