The Global Cyber Alliance is taking on small projects to come up with solutions to
big cyber risk problems.
Not exact matches
Risk managers in the financial services industry are skittish about what they perceive as a heightened chance for high - impact event hitting the global financial system hard and they're naming potential cyber attacks as one of the biggest drivers for that increased r
Risk managers in the financial services industry are skittish about what they perceive as a heightened chance for high - impact event hitting the global financial system hard and they're naming potential
cyber attacks as one of the
biggest drivers for that increased
riskrisk.
But the
biggest risk in my opinion is the ease of
cyber currency manipulation of anyone with access to $ 200 - 300 million cash.
Apart from beefing up enforcement and fine collection, a
bigger budget would help address «regulatory challenges» including new marketplaces, rapid fintech innovation, increased
cyber risk, increased private market capital raising and over-the-counter derivatives regulation, the BCSC stated.
This year has already seen suspicions that elections around the world have been targeted by
cyber hacks, but the latest large - scale attacks have brought home how
big a
risk this is to businesses and organisations like the NHS.
The insurance industry must also be alert to the fact that there are multiple potential benefits linked to
big data analytics and processes, but there are also a number of growing
risks, such as privacy issues and
cyber threats, which may have a significant reputational impact on the insurer and the sector if they were to materialise, apart from other consequences attached to regulatory breaches.
City of London Police Commissioner, Ian Dyson, said, «The Global
Cyber Alliance has identified the
biggest risks to businesses and individuals globally from
cyber crime.
It may be odd to think that in a digital landscape peopled with hackers, scammers, and crooks, all bent on obtaining and profiting off of private data stolen from governments and corporations, the
biggest and most pervasive form of
cyber risk comes from: you.
Such bad guys are certainly willing and able to exploit your errors, but the truth of the single
biggest vector for
cyber risk is far more prosaic and overlooked.