Industry underestimating risk of cybercrime, forum hears

Cyber crime key on keyboard

Only 42% of chief risk officers are concerned about electronic communications risk and information security, according to a survey carried out by insurer Zurich and the Harvard Business Review. The survey of 1,400 chief risk officers ranked information security last out of a list of 10 significant risks.

However, Tom Richardson, head of customer relationship management at Zurich Global Corporate UK, told the Federation of European Risk Management Associations (Ferma) forum in Stockholm today

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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