Technology

BFIs in Nepal Reluctant to Purchase Cyber Risk Insurance Policy

BFIs in Nepal Reluctant to Purchase Cyber Risk Insurance Policy

Nepal Insurance has not been able to sell any of its Cyber Risk Protector policy till date. “We have been taking initiative to insure banks from cyber risk. But none of the banks have shown interest to purchase this policy,” said Bikram Pandey, deputy general manager of Nepal Insurance. “Cyber attacks in the past have underscored the importance of this policy. We are hopeful that this policy will get buyers now,” he added.

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