A new report from Lloyd’s and AIR Worldwide, analyzing the financial impact of the failure of a leading cloud provider in the United States for three to six days, concluded that it would result in economic losses of $15 billion and up to $3 billion in insured losses.
The report found that companies outside of the Fortune 1000 — which are more likely to use cloud provider services — would carry a larger share of the economic and insurance losses than Fortune 1000 companies. However, the biggest 1,000 companies in the United States still would carry 38% of economic losses.
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Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].
