Banks and insurance firms: a range of initiatives to strengthen security for IT systems

Could cybercriminals throw the entire financial sector into turmoil? IT security in the banking and insurance sector is a major concern for cybersecurity experts and organizations such as the French Financial Market Authority (AMF) and the European Banking Authority (EBA). Worries only continue to mount within the financial sector, especially after a series of hacks […]

Can a major cyberattack cause as much economic damage as a hurricane?

A major cyberattack can cost just as much as a natural disaster like Hurricane Sandy, which struck in 2012. Damage which runs into the billions of dollars. That’s according to a study carried out by the British insurance market Lloyd’s, in conjunction with Cyence, a specialist in modeling the financial impact of cyber risk. As […]