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Cyber insurance targets wayward threat – as best it can

Cyber insurance promises to plug the gap between a company's cyber risk security and the potential damage of a data breach. But questions over the design of the policies and the extent of coverage they provide are blighting the young industry

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Cyber crime is one of today's biggest operational risks. Namechecked in numerous risk hit lists for 2015, including the World Economic Forum's top 10 global threats, it is also one that few financial firms, with their wealth of personal data, can afford to ignore.

While robust security controls are vital to ward off cyber crime, its constantly evolving nature means that designing effective

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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