ABSTRACT
Cyber risk, both threat and attack, is both very much alive and increasing year on year in financial institutions in the United States. The US is a different case than all other countries and the regions are covered because cyber risk is on a larger scale, there is more of it and a good deal of the cyber attack is political and power based in nature. This is because the US is still the number-one country in the world in terms of size of economy, political power, individual wealth and technical innovation. This means that there are many governments, companies and individuals who are willing to use cyber attack to relieve the US of its innovative ideas, intellectual property, individual wealth and political power/number-one status. Comprehensive insurance is again a significant way to manage the financial losses in the US caused by cyber attack in relation to financial loss, business interruption, loss of data and reputation damage.
