World risks 'cyber Lehman' crisis, Zurich report warns
Think-tank report published yesterday warns again of the dangers of a loss of trust in the internet – or a cascading failure started by the collapse of a single service provider
The near future could see a "cyber Lehman" event which causes a cascade of failure and losses across the internet, with extremely damaging consequences for the financial sector and the rest of the economy, warns a report published yesterday by Zurich Insurance and the Atlantic Council, a US think-tank.
"We are in an extremely homogenised environment which makes it much easier for one failure to
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