Severe cyber security breach can cause permanent harm to share prices of public companies, according to a study issued by cyber security consultant CGI and Oxford Economics last week.
Asian companies are still playing catch-up when it comes to cyber risk management, with many not having the fundamentals in place, said Lloyd's CEO Inga Beale at the recent Lloyd's Asia Cyber Risk Seminar held in Singapore.
Growth is going to continue for cyber as a standalone product, and will be driven by Asia, said Mr Paul Bantick, UK focus group leader for technology, media and business services at Beazley, which writes about half of the Lloyd's market's cyber premiums. He was one of the speakers at the recent...
The outlook for developing East Asia is expected to remain broadly positive in the next three years, driven by robust domestic demand and a gradual recovery in the global economy and commodity prices, according to a new World Bank report.