Israel’s Capital Market, Insurance and Savings Authority (CMISA) recently published two new risk management circulars for financial service providers. The first circular pertains to risk management in its broadest sense, while the second circular specifically addresses cyber risk management. Both circulars apply to a long list of financial service licensees, including small entities: 1. Licensees
Tag: Cyber
New AGCS report identifies key risks and loss trends for the financial services sector. Covid-19 may drive market corrections and insolvencies – which could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. AGCS analysis of $1bn of insurance industry claims show cyber incidents, including crime, is the top cause of
New AGCS report identifies key risks and loss trends for the financial services sector. Covid-19 may drive market corrections and insolvencies – which could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. AGCS analysis of $1bn of insurance industry claims show cyber incidents, including crime, is the top cause of