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Cyber Risk Management in Financial Institutions

11.04.2017
Topic Cyber

Cyber Risk Management in Financial Institutions

Cyberattacks against global financial institutions are on the increase, although the majority of such breaches go unreported. Financial institutions need to take a holistic approach to risk management if they want to effectively combat the threat… combining rigorous internal procedures, external professional support and appropriate insurance cover.

In his article Cybersecurity: Risks and management of risks for global banks and financial institutions, [Journal of Risk Management in Financial Institutions, Vol. 10 No.2, pp196-200], AIG’s Mark Camillo, looks at the cyber risks faced by banks and other institutions and examines how the insurance market can play a role in both prevention and mitigation…

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