“There’s a spread of damages that Lloyds forsees. The best-case scenario for such a hack, if every company has robust backups and an intelligent security team, would see $4.6 billion in damages, resulting from lost work time and stolen company data.

The worst-case scenario has damages pegged at $121 billion. By comparison, Hurricane Sandy is estimated to have cost $75 billion in total damages.”

Source: Global cyber attack could cost $53 billion, report warns – BGR