Cyber insurance struggles to overcome concerns over coverage

Insurance against cyber risk is a growing market, but doubts remain over its effectiveness

lifebelt-deck

With cyber attack now acknowledged as no longer merely a nuisance but a serious menace to organisational survival, the financial sector faces the traditional three options for handling such risks: reduce, transfer or accept. Transferring the risk by means of an insurance contract is tempting – the Basel capital adequacy rules explicitly encourage it, offering up to a 20% reduction in operational risk capital to banks using the advanced measurement approach if they incorporate the effects of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: