Cyber insurance is a growing market, however, the industry lacks data on a potentially catastrophic cyber event, making it difficult to model and price. There is also no consensus on what could cause a catastrophic cyber event. A systemic cyber event is likely to result from an accident or unanticipated event rather than a planned attack, further complicating modelling. Increased transparency by the cyber community could aid in modelling this potential risk.
Vietnam’s retail sector faces rising ransomware threats
The lack of cybersecurity protection is hindering the growth of online businesses in Vietnam, according to experts from Viettel Cyber Security (VCS). They addressed challenges