The RiskTech Journal
The RiskTech Journal is your premier source for insights on cutting-edge risk management technologies. We deliver expert analysis, industry trends, and practical solutions to help professionals stay ahead in an ever-changing risk landscape. Join us to explore the innovations shaping the future of risk management.
Beyond Cyber Insurance: Strengthening Risk Management Frameworks
The recent outage caused by a software bug in CrowdStrike's quality-control system has underscored the escalating nature of digital risk events. The disruption, which affected sectors ranging from aviation to banking, has led to insured losses estimated between $400 million and $1.5 billion, according to cyber analytics firm CyberCube. This incident may be the largest single cyber insurance loss to date. Companies must move beyond traditional reactive measures and invest in proactive, integrated risk management (IRM) frameworks encompassing a comprehensive view of potential threats.
How Integrated Risk Management (IRM) Can Significantly Reduce Cyber Insurance Premium Costs
In today's digitally-driven business environment, the threat of cyber-attacks has escalated to unprecedented levels, necessitating robust cyber defenses to secure competitive cyber insurance premiums. This article delves into how Integrated Risk Management (IRM) can be pivotal in reducing cyber insurance premiums, enhancing overall risk resilience, and positioning businesses for sustainable success.
Elevating Cyber Risk Management: The Imperative Role of IRM Post-UnitedHealth Hack
My analysis of the cyber insurance market, an endeavor that involved scrutinizing thousands of policies during my tenure at Gartner, revealed a consistent pattern: widespread exclusions and often inadequate coverage. The fallout from the UnitedHealth incident magnifies these issues, demonstrating the peril of relying solely on cyber insurance as a safeguard against the multifaceted nature of cyber threats, especially those that affect third-party vendors.
RiskTech Journal News Updates
RiskTech Journal
Managing Risk, Embracing Technology
In today's dynamic business landscape, managing risk and embracing technology are essential components of sustainable success. The RiskTech Journal delivers timely insights for business leaders seeking better ways to manage risk using modern approaches and tools. Harnessing the power of technology enables businesses to optimize processes, enhance decision-making, and stay competitive in an increasingly digital world.
Browse the latest RTJ insight articles and news updates and below
The RiskTech Journal Online Subscription is a premier resource for executives and professionals focused on the intersection of risk management and technology. It provides subscribers with access to a curated collection of articles and expert insights designed to enhance risk management strategies through technological innovation. With its online format, the RiskTech Journal offers flexible access to critical information, helping leaders make informed decisions and stay competitive.