CyberCube Estimates AWS Outage Impact on Insurers

CyberCube, the leading cyber risk analytics provider, has released a preliminary loss estimate for the Amazon Web Services (AWS) outage ranging from $38 million to $581 million. The event, which CyberCube is nicknaming “Amazonk”, is expected to have a loss ratio impact for cyber insurers in the low- to mid-single digits, in keeping with CyberCube’s view that this event presents the potential for only moderate insurance impact. Although the event could play out in a variety of...

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