Payment processors may not often make headlines, but they have quietly become some of the most critical infrastructure in today’s digital economy. Their position at the heart of global commerce also makes them a high-value target for cybercriminals – and a complex challenge for insurers.

Speaking with Insurance Business, James Bullock-Webster (pictured), director and head of tech, media & cyber at New Dawn Risk, described processors as “ruling the world” of digital payments. Their value, he explained, lies in the sheer volume of sensitive data and financial transactions they manage daily.

“From a bad actor’s perspective, there’s something of a gold mine,” he said. “If you can disrupt them, if you can extract money out of them, they are a high-value target. That’s led to a number of diffe

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