A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017.REUTERS/Kacper Pempel/Illustration
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A serious cyberattack could cost the global economy as much as $53 billion, putting it on a par with Hurricane Sandy in 2012, a report Monday by Lloyd's of London said.The world's oldest insurance market and Cyence consultancy said the threat posed by hacking attacks has surged and the global economy will be increasingly vulnerable to cyberattacks over the next decade. Lloyd's warned that most losses from cyberattacks were not insured, leaving governments and businesses highly vulnerable if they were to occur.
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