CII Ready to Promote Cyber Insurance
CII Ready to Promote Cyber Insurance
Sunday, May 06, 2018

CII Ready to Promote Cyber Insurance

Sunday, May 06, 2018

CII Ready to Promote Cyber Insurance

The Central Insurance of Iran, the industry’s regulator, welcomes offers by Iranian insurers to provide coverage against cyber assaults, CII’s president said.
“The insurance industry considers any product or service insurable. [The process only involves] risk assessment to set the premium rate,” Abdolnasser Hemmati added, calling on insurance companies to submit their cyberattack proposals for CII’s approval.
“CII is prepared to review and endorse the proposals for [insuring] such products,” he told IRNA on Friday.
According to Risknews.ir, no official figures have yet been published regarding the frequency of hacking attacks targeting domestic businesses and the losses inflicted on Iran’s economy.
The issue of cyber insurance gained urgency after a large-scale attack last month hit thousands of Internet service providers and data centers worldwide, including some 3,500 Iranian devices.
Hackers left the image of a US flag on screens along with a warning: “Don’t mess with our elections.” 
The April 6 attack was foiled by Iran Computer Emergency Response Team Coordination Center in two hours.


To continue reading this article log in to your account, or join us now and get a free trial which includes access to this specific story.

You will not be charged for your trial and there is no obligation to purchase.

Create an account or sign in

Short URL : https://goo.gl/PtfhAA
  1. https://goo.gl/aDiYUC
  • https://goo.gl/QSkLAF
  • https://goo.gl/BxRji8
  • https://goo.gl/qbHBi4
  • https://goo.gl/kJu4K4

You can also read ...

BMI Outlines Forex Measures
Director of Bank Melli of Iran’s Foreign Exchange Department...
US’ Iran Policy Headed for Train Wreck With Afghan Policy
US President Donald Trump’s decision to pull out of the Iran...
With the US Out, How Can Iran Benefit From JCPOA?
In Iran, the only surprise regarding US President Donald Trump...
5-6% Flexibility in USD Rate Until March
Governor of the Central Bank of Iran said the exchange rates...
Apple Pays Ireland 1st Tranche of Disputed Taxes
Apple has paid €1.5 billion ($1.76 billion) into an escrow...
Mineral Projects Worth $3.6b in the Pipeline
More than $3.6 billion worth of mineral projects are to be...
Persian is the 15th most spoken language  in the world with 120 million speakers.
The amount of online content in Persian has observed a...
ICCIMA Delegation  to Visit S. Africa  on July15
Iran Chamber of Commerce, Industries, Mining and Agriculture...

Add new comment