Cyber threat 'impossible to avoid'
Financial institutions must accept that cyber attacks are inevitable and make allowances for their occurrence, OpRisk Europe conference heard yesterday. Also, banks must continue to vet third-party suppliers
Financial institutions need to get used to having cyber attacks, the OpRisk Europe conference in London heard yesterday. Delegates heard that having a zero risk appetite towards cyber risk would be very costly because such attacks are now impossible to avoid. Carin Gantenbein, global head of strategic implementation for operational risk at Zurich Insurance, told delegates that there are many
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