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Risk in Context Blog

Timely blogs from our risk and insurance experts on the issues and trends that affect your business – and your bottom line.

Financial Institutions are One of the Most Targeted Organizations by Cyber Criminals

Posted by Bhishma Maheswari 03 July 2017

As a regulated sector, financial institutions, including banks, are greatly affected in the event of cyber-attacks, such as a data breaches. These institutions have to pay fines and penalties for losing personal identifiable information. They also tend to lose the most business and customers after a cyber-attack.

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Cyber Insurance as a Solution

Posted by Bhishma Maheswari 03 July 2017

While cyber insurance policies were introduced in the developed countries more than a decade ago, in India these policies were first adopted only about four years ago. Since then, however, the adoption, wording innovation, and acceptance of cyber insurance have grown.

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Related to: Cyber Risk