Financial institutions must maintain a high level of trust and integrity in order for e-business to grow. Insurance can play an essential role to further safeguard the organization, its customers and its shareholders from cyber-related loss and liability exposures. Risk management, specifically enterprise-wide operational risk management, has come to the forefront of responsibilities for executive management and boards of directors. There will be residual risk created by the complex cyber-landscape, says BITS. BITS: Security is a mission-critical element that underpins this trust proposition.”]
Source: https://www.bankinfosecurity.com/whitepapers/bits-technology-risk-transfer-gap-analysis-tool-w-37