Cybersecurity ranks among the top concerns for banks, insurers, and other financial institutions, which can represent prime targets for cyber-attackers and be vulnerable to potential disruptions because of their often-complex technology systems and the valuable financial assets and rich customer data they can hold.
As awareness of cyber risks has grown, many financial institutions have developed robust internal capabilities to deter cyber-attacks and prevent technology interruptions. But perhaps equally important - for both organization and regulators - are your vendors' cyber risk management practices.
This Marsh-authored article appears in the latest edition of the MMC Cyber Risk Handbook, (page 57) which contains Marsh & McLennan Companies' perspectives on major developments, specific industry implications, and strategies to increase resilience.