PRMIA Montreal hosted the 7th Annual Canadian Risk Forum. Senior risk professionals, industry experts, and scholars shared their thought leadership insight on Risk Management: Trending Practices Versus Practical Trends. PRMIA members from the entire PRMIA community joined at this Forum including PRMIA Vancouver, PRMIA Calgary, PRMIA Toronto, and PRMIA Edmonton.
We know that cyber threats continue to evolve and pose increasingly significant risks to organizations. A recent survey performed by Deloitte concludes that there is broad consensus that cybersecurity is the risk type increasing the most in importance. Sixty-seven percent of respondents named cybersecurity as one of the three risks that would increase the most in importance for their business over the next two years, far more than for any other risk. Yet, only about one-half of the respondents felt their institutions were extremely effective or very effective in managing this risk.
Sohail Farooq, CEO, BankingBook Analytics; Lois Tullo, CRO and CCO, Novera Capital/Global Risk Institute were joined by David Latour, VP, Risk Management, CDPQ to jointly present recently concluded research on cyber risk quantification.
This session aimed to present the newly developed Distribution Analysis for Information Risk (DAIR) framework. DAIR is a cyber quantification methodology that maps cyber events with a hierarchical risk taxonomy to evaluate operational, business and systemic risk economic capital.
To view the event detail, please visit PRMIA’s site.
To download the free copy of DAIR, please visit Global Risk I'nstitute's site.