How are firms taking more care to implement disaster recovery plans for computer systems?
- Keeping it in a secure, separate location
What is it known as when systems are targeted?
Cyber-terrorism
How can firms protect themselves against cyber-terrorism?
What is an indirect cost of terror attacks?
It may adversely affect people’s confidence in the banking system
Do insurance products cover terrorist attacks?
Many do not and most insurance policies carry exclusions for loss caused by terrorism
Why is terrorism excluded from insurance cover?
- Potential liability is very large
How is terrorist activity usually financed?
By proceeds of crime