A simulated cyber catastrophe highlights the benefits and problems cyber insurance carriers will encounter as a result, according to a report released by Lockton Re.

The report, “A Kaleidoscope of Possibilities: Preparing for Ivan Wiper,” focuses on the consequences of a potential cyber catastrophe by reviewing each part of the value chain across the insurance industry, the reinsurer said.

“We wanted to explore the potential aftermath of a major cyber catastrophe, as this is an area which has been overlooked in discussions on systemic risk,”

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