Zurich Asia CEO calls for greater focus on cyber risk
Complacency still prevalent among companies in Asia despite the region being at greater risk of cyber attack than other parts of the world
Asia is more vulnerable to cyber threats being home to high-growth companies and half of the world's internet users yet the lack of an overarching framework to deal with cyber risk is leaving financial firms unduly exposed, according to the Asia CEO for Zurich Insurance.
The frequency of cyber attacks is increasing globally but in Asia, market participants say that many events go unreported in part due to an absence of clear rules on what needs to be disclosed and when.
"We need overarching
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