PRA clamps down on 'silent' cyber risk management

The UK Prudential Regulation Authority (PRA) has said it expects
all firms operating under the Solvency II regime to give
"specific consideration" to their management of
"silent" cyber exposures.
In a supervisory statement released today following a
months-long consultation, the regulator said all P&C covers
with potential silent - or "non-affirmative" - cyber
exposure would need to introduce measures to reduce this unintended
risk.
It recommended adjusting premiums on such policies to refle