In January this year, the Federal Reserve Bank (FRB) published a working paper which assessed impact on the financial system from a hypothetical cyber attack
Category: cybersecurity
Digitization of Cybersecurity
In a new July 2019 report titled “Cybersecurity: Linchpin of the digital enterprise”, McKinsey emphasizes that cybersecurity must support the digital agenda of the company. In
What is the OCC concerned about?
OCC Spring 2019 Semiannual Risk Report Background: The Office of the Comptroller of the Currency (OCC) publishes a report (Semiannual Risk Perspective) twice a year
Cybersecurity – not a technology problem
In my last post (Risk Management version 2020?) on evolving nature of Risk Management, I noted that non-financial risks dominate financial risks for financial institutions
Risk Management version 2020?
Two recent reports on banking industry indicate point to the future of the Risk Management function. The first one was a 2019 report by Boston
