RIMS launches how-to guide for handling cyber risk

The Risk and Insurance Management Society (RIMS) has launched a guide for risk managers to manage cyber risks using an enterprise risk management (ERM) approach. The report is a joint effort between RIMS, Identity Theft 911 and USLaw Network.ERM Best Practices in the Cyber World is a 29-page, how-to guide designed to help organizations successfully manage data risk through an ERM approach. The report explores the best data risk management practices; concepts and challenges; the advantages and potential pitfalls of data risk assessments; steps to undertake an attorney-directed assessment project; practical solutions for weathering the cyber storm; and possible coverage opportunities under existing or newly available insurance policies. The full report can be purchased at www.RIMS.org/RIMStore.