Search
 

Cyber Threats a Focus for Risk Managers

Business interruptions and possible expiration of the federal backstop for terrorism coverage are also concerns.

By Susan Kelly | Updated on February 12, 2014
Risk managers have plenty on their plates as 2014 begins. Cyber risk is front and center after the recent data breaches experienced by retailers, most notably Target. The possible expiration of the U.S. government’s terrorism backstop at the end of this year is another concern.

“This breach at Target, I think, is a wake-up call and should be a wake-up call for individuals as well as organizations,” said Al Gorski, chief risk officer for the Orange County Transportation Authority in Southern California and a board director at RIMS.

Gorski said a 2012 data breach at the South Caroline Department of Revenue “pushed security and privacy risks higher on my list.” He notes that the South Carolina incident also involved a lot of data—it exposed sensitive information from almost 4 million taxpayers and 700,000 businesses.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.