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Uneasy feeling: Risk management for emerging types of security threats
This article is part of the IT in Europe issue of February 2011
The banking crisis of 2008 did much to dent the reputation of risk management as a discipline. With their teams of Ph.D. geniuses, the banks had created what looked like unbreakable predictive models to help them manage the risks implicit in allowing more and more people to take out mortgages, which a staggering number of customers were never able to repay. Handling emerging threats at Lloyd’s of London The information threat landscape is in constant flux. It is essential to find a way of coping with new dangers as and when they arise. Unless organisations have already done the basic work to establish a risk management process and infrastructure, each new threat can create panic and kneejerk reactions. At Lloyd’s of London, senior information risk and protection manager Marcus Alldrick has developed a process that brings emerging threats into the mainstream risk management process and allows them to be considered by the business in an organised fashion. As a bellwether for the insurance industry, Lloyd’s has been assessing risk ...
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