Data Security Council of India (DSCI) recently launched a report on ‘Cyber Insurance in India- Mitigating Risks amid Changing Regulations & Uncertainties’ covering Global and Indian market insights with the aim to increase awareness, initiate deep-dive discussions, and provide recommendations to various stakeholders – User Enterprises, Insurance Providers, Technology Firms, Brokers, Government and Regulatory Bodies. Lt Gen (Dr.) Rajesh Pant, National Cyber Security Coordinator, Government of India launched the report on the side-lines of FINSEC Conclave 2019- Security conference for Banking and Financial Sector, hosted by DSCI. Dr. Pant graced his presence as chief guest at the conference.
“With increasing cyber security threats and challenges country currently is facing, it is important that every organisation takes a 360 Degree approach to their preparedness including cyber risk management. Financial Services sector continues to be a prime target for Cyber and Data Breaches and businesses could face enhanced cyber liabilities. While the sector has to step up its Security preparedness, Cyber Insurance can help offset financial liabilities when a breach occurs….
