Eiopa targets cyber risk in stress tests

Forty-two insurers quizzed on IT vulnerabilities

Europe-wide stress tests unveiled today will quiz insurers on their exposures to cyber risk for the first time.

The European Insurance and Occupational Pensions Authority (Eiopa) launched its latest round of stress tests on May 14. Included in the technical specifications is a questionnaire on cyber risk, which among other things asks firms whether the risk is included as part of their operational risk management framework, whether they conduct regular cyber risk loss data collection exercises

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