In the face of ever-increasing financial crime and cybercrime threats, financial institutions should look again at how they manage risk. Cyber security should not operate in isolation but should be integrated with both financial crime and fraud resources into an integrated risk management function so that senior management can ‘look beyond the trees and start seeing the forest’. In this white paper, we explore the the relationship between financial crime risk and cyber security risk, and the use of cyber insurance as a short term solution.