The sector perceives cyber-threats against the underlying financial infrastructure, as well as against IT service availability and data confidentiality, besides financial theft. The sector has particular concerns for the potential of reputational loss due to cyberattacks. There are also special concerns ...
Unusually high levels of catastrophe losses due to risk concentrations, changes in weather patterns (whether as a result of global climate change or otherwise), environmental events, war or political unrest, terrorism incidents, cyberattacks, civil unrest or other causes Increased frequency and/or sev...
processes dependent upon the downtimes of the systems, to add financial losses for the plurality of processes so as to obtain a combined financial loss arising from the cyber threat activity, to determine pricing of insurance, to determine cost benefit analysis of computer network security upgrades...
Ransomware attacks could lock up critical data and devices Confidential data loss costs more than just money Compliance and regulatory challenges must be met in full Related to this Industry Kaspersky Hybrid Cloud Security Leading protection and compliance for virtual and cloud server workloads, container...
The risk of a security breach including cyber-attacks by from both internal and external sources, leading to loss of funds, confidentiality and integrity of data. The sophistication of cyber threats is constantly evolving; criminals will seek to exploit changes in working environments e.g. remote-...
Sanctions- Sanctions are penalties for disobeying a law or rule. Financial sanctions are applied by governments to restrict or prohibit trade with companies or individuals who are engaged in breaches of international law, human rights abuses, or other forms of crime such as cyberattacks. ...
Cyber risk management is nothing new to financial-services companies, but the importance of a robust, comprehensive strategy has never been more critical and will only increase as institutions expand their technological footprint. Cyberattacks continue to increase,...
SEC rule confusion continues to put CISOs in a bind a year after a major revision 10 Jan 20256 mins feature 7 biggest cybersecurity stories of 2024 24 Dec 202410 mins news analysis Black Hat Europe 2024: Key takeaways for cybersecurity pros ...
Over the past 12 months alone, over a third of businesses (38%) have been affected by viruses and malware causing a loss of productivity, and experienced inappropriate IT resource use by employees (36%). One in five (21%) has experienced data loss or exposure due to targeted attacks. ...
The stakes are high. According to Philippe Thomas, chief executive of tech due diligence and audit tech group Vaultinum, hacks could lead to financial loss, disruption to a country’s financial infrastructure, and even threats to political stability “as confidence in financial markets is essential...