This post was originally published here: post


By William Shaw

Law360, London (April 20, 2017, 3:23 PM BST) — An increasingly interconnected financial world and market makers’ use of aging IT systems have left firms vulnerable to cyberattacks, which will drive a surge in demand for cyber coverage, according to a report released Thursday by three of Europe’s top financial regulators.

Firms have been left vulnerable to cyberattacks in an increasingly interconnected financial world, three top European financial regulators warn as they predict a surge in cybercrime insurance. (AP) But unlike other indemnities, the fledgling cyber insurance industry faces a severe lack of historical data…

  • Read more here: