Cyber Risks Continue to Evolve for Financial Institutions

The current COVID-19 pandemic & remote workforce demonstrate this swiftly evolving cyber concerns for financial institutions like banks, credit unions, and servicers.

Increased regulatory actions are creating a minimum standard to protect technology systems and consumers' personal information, but are also putting additional pressures on businesses like financial institutions to comply.

In this white paper, we address:

• Common cyber risks faced by financial institutions
• Regulatory action for cyber risks
• Remote workforce cyber risks related to COVID-19
• Cyber insurance for financial institutions 
• Key considerations when evaluating a cyber insurance policy