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Public sector banks rush to get cyber insurance policies

Public sector banks rush to get cyber insurance policies

Monday, March 13, 2017, 12:37 PM

Public sector banks, which are considered laggards in the digital space, are pulling up their socks in cyber insurance. Many state-owned commercial banks are rushing to buy insurance for threats such as hacking, including data loss. In the wake of demonetization and the increased push on going digital, banks are seeking cyber insurance policies with the growing perception of threats and high-profile cyber-related incidents.
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