The Financial Management of Cyber Risk

Friday Apr 2nd 2010 by Staff

The American National Standards Institute (ANSI) introduces a new framework for managing and reducing the financial risk related to cyber attacks.

ANSI: This paper from ANSI is designed to help company executives reduce and manage the financial risk from cyber attacks. It covers the following topics:

  • The true economic impact of cyber events and a six-step process for addressing the issue on an interdepartmental basis.
  • The single biggest organizational vulnerability of cyber systems – people.
  • A framework for analyzing the ever-changing legal and compliance regimes that organizations will have to manage as governmental attention naturally increases.
  • How operational and technical issues can be better understood and integrated into an enterprise-wide risk management regime.
  • The comprehensive communication program that organizations need to prepare before, during, and after a cyber incident.
  • Risk management and transfer.
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