Commonwealth Bank of Australia Upgrades Third-Party Risk Management Framework

Commonwealth Bank of Australia (CBA) has strengthened its third-party risk management capabilities as financial institutions face increasing challenges from technology dependencies, outsourcing arrangements and interconnected digital ecosystems. The upgrade reflects the growing importance of managing risks arising from external vendors, Read More …

AI Cyber Liability Risk Is Outpacing Existing Insurance Coverage

The rapid adoption of artificial intelligence (AI) technologies is creating new cyber liability challenges for organisations, with emerging risks developing faster than many existing insurance policies and risk management frameworks can address. As businesses increasingly integrate AI into operations, concerns Read More …

AI in Risk Management: Practical Applications and Key Considerations

Artificial intelligence (AI) is increasingly transforming the risk management function by enabling organisations to identify threats earlier, analyse complex data patterns and make more informed decisions. As risks become more interconnected and dynamic, AI-powered tools are helping risk professionals move Read More …

AI Risk Management Starts with a Written Policy

As organisations expand their use of artificial intelligence, risk management experts are highlighting the importance of establishing a formal written AI policy before deploying AI tools across business operations. A documented AI policy provides a foundation for responsible AI adoption Read More …

EU Launches Plan to Address Advanced AI Risks

The European Commission has announced a new plan to address the risks and opportunities associated with advanced artificial intelligence, with a focus on strengthening cybersecurity, improving resilience and ensuring responsible AI development. The initiative aims to support the secure adoption Read More …

Coalition Launches Tool to Prevent Business Email Compromise

Cyber insurance provider Coalition has introduced a new feature on its cyber risk management platform aimed at helping businesses prevent business email compromise (BEC) attacks and reduce associated financial losses. The new capability is designed to identify and address vulnerabilities Read More …

MeitY Publishes Digital Threat Report 2025‑26 to Enhance Cybersecurity in BFSI

The Ministry of Electronics and Information Technology (MeitY) has released its Digital Threat Report 2025‑26, aiming to strengthen cybersecurity in India’s banking, financial services, and insurance (BFSI) sector. The report identifies emerging digital threats, vulnerabilities in critical systems, and trends Read More …

Indian Bank to Recruit 20 AI Experts to Enhance Cybersecurity and Banking Efficiency

Indian Bank has announced plans to hire 20 artificial intelligence (AI) experts to reinforce cybersecurity measures and improve operational efficiency across its banking network. The initiative aims to address the growing complexity of digital banking threats while leveraging AI for Read More …