Cyber threat 'impossible to avoid'

Delegates hear that zero risk appetite to cyber can be costly

Cyber crime key on keyboard

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 questions to deal with when trying to lower the risk of cyber attacks.

"There is business continuity mana