Lloyd's of London CEO: Cyber-insurance costs to double
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Lloyd's of London CEO: Cyber-insurance cost to double

The chief executive of Lloyd's of London has said the increasing threat of cyber-attacks means cyber-insurance premiums are likely to double in three years.

Inga Beale told the Today programme: "The cyber market at the moment we estimate is about $3-3.5bn, probably in the next three years that could easily double".

"This threat is really alive for businesses," she said.

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