SECP introduces cybersecurity framework for insurance sector.

ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) has issued guidelines on cybersecurity framework for the insurance sector, providing principles to make the information technology systems of insurance companies and their partners secure and resilient. In a statement issued on Tuesday, the commission noted that cyber risk presented an evolving challenge for the insurance sector due to growing interconnectedness. 'Insurance companies gather, store, and maintain substantial volumes of confidential personal and organizational information. Because of these data reservoirs...