Business Blackout, a joint report by Lloyd’s and the University of Cambridge’s Centre for Risk Studies, considers the insurance implications of a cyber attack on the US power grid.
While there have been large individual business losses attributed to cyber attacks, there have, at the date of writing, been no examples of catastrophe-level losses from a widespread cyber attack affecting many companies and insurers at the same time.
This report publishes, for the first time, the impacts of this sort of attack using the hypothetical scenario of an electricity blackout that plunges 15 US states including New York City and Washington DC into darkness and leaves 93 million people without power.
2015 Energy Industry Cybersecurity Report
Strategic Cybersecurity: A Toolkit for Prioritizing, Coordinating, and Transforming Your Cybersecurity Program