Cyber Insurance Companies Face Loss Ratio Impact from Amazon Outage
CyberCube dubbed the recent Amazon Web Services (AWS) outage “Amazonk.” The outage disrupted major platforms, including Snapchat, Fortnite, Roblox, Coinbase, and Venmo. Cyber insurance companies are now assessing the financial fallout, with CyberCube estimating potential losses between $38 million and $581 million. CyberCube’s Analysis Highlights Moderate Loss Ratios CyberCube’s report notes that the outage “is … Read more