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The five ring symbol of the Olympic Games in Tokyo, Japan. (Photo: simpletun/Shutterstock) The five-ring symbol of the Olympic Games in Tokyo, Japan. (Photo: simpletun/Shutterstock)

It might be assumed that with the ban on physical spectators at the postponed 2020 Tokyo Olympics, the level of risk stemming from this global event — particularly the spread of COVID-19 — has diminished, but cyber experts warn of a different risk: cyber. Fears of telecom disruptions and ransomware attacks are founded, and the damage that could be caused has increased with the reliance on technology to broadcast the Games, which kicked off on July 23rd. Experts say insurers could face potentially massive losses based on the high-risk factors.

Organizers have said that they are prepared for the kind of cyberattack that temporarily paralyzed IT systems ahead of the official opening ceremonies of the 2018 Pyeongchang Winter Olympics in South Korea.

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