The ALS Group Risk Management Articles

One of the most talked about risks today is a data breach which can and will cause havoc in any organization. Most mid-size companies have not taken this risk seriously despite almost daily news about the effects of cyber risk. The recent article in the February 2012 issue of CFO magazine notes it is happening more frequently especially to mid-size companies, and should serve as a clear warning to a company’s senior leadership – Get your “Cyber” House in Order!

As the holiday shopping season began last week, Cyber Monday became the heaviest day of online shopping ever. Cyber Monday is just one example of the increased online presence of businesses and individuals alike, and with so much information being transmitted and stored online comes the increased risk of a privacy breach. A recent article in Risk and Insurance gives a good illustration on how a company can be affected by a cyber breach and outlines where liability falls if and when a breach occurs. In general, any information stored electronically is at risk, regardless of the industry a company operates in and cyber attacks can seriously impact its day-to-day

In Monday’s (October 31, 2011) Wall Street Journal there was a curious article explaining many security breaches resulting from unsuspecting employees.  It also touches on another huge problem:  The trend to share more and more personal data on social networking sites.