NU Online News Service, Feb. 6, 3:02 p.m. EST
With both public and private sector organizations reeling in the wake of the hacking of VeriSign and other security companies, risk managers are more aware than ever of cyber risk and the need for best practices in managing it, according to the Risk and Insurance Management Society.
Data risk is best managed through enterprise risk management (ERM) because the discipline prepares organizations to actively deal with events that could directly affect their operations, RIMS says in an executive report, “ERM Best Practices in the Cyber World.”
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