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Measuring and Managing Information Risk

Measuring and Managing Information Risk
  • Author : Jack Freund,Jack Jones
  • Publisher :Unknown
  • Release Date :2014-08-23
  • Total pages :408
  • ISBN : 9780127999326
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Summary : Using the factor analysis of information risk (FAIR) methodology developed over ten years and adopted by corporations worldwide, Measuring and Managing Information Risk provides a proven and credible framework for understanding, measuring, and analyzing information risk of any size or complexity. Intended for organizations that need to either build a risk management program from the ground up or strengthen an existing one, this book provides a unique and fresh perspective on how to do a basic quantitative risk analysis. Covering such key areas as risk theory, risk calculation, scenario modeling, and communicating risk within the organization, Measuring and Managing Information Risk helps managers make better business decisions by understanding their organizational risk. Uses factor analysis of information risk (FAIR) as a methodology for measuring and managing risk in any organization. Carefully balances theory with practical applicability and relevant stories of successful implementation. Includes examples from a wide variety of businesses and situations presented in an accessible writing style.

Measuring and Managing Information Risk

Measuring and Managing Information Risk
  • Author : Jack Freund,Jack Jones
  • Publisher :Unknown
  • Release Date :2014-08-22
  • Total pages :391
  • ISBN : 0124202314
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Summary : Using the factor analysis of information risk (FAIR) methodology developed over ten years and adopted by corporations worldwide, Measuring and Managing Information Risk provides a proven and credible framework for understanding, measuring, and analyzing information risk of any size or complexity. Intended for organizations that need to either build a risk management program from the ground up or strengthen an existing one, this book provides a unique and fresh perspective on how to do a basic quantitative risk analysis. Covering such key areas as risk theory, risk calculation, scenario modeling, and communicating risk within the organization, Measuring and Managing Information Risk helps managers make better business decisions by understanding their organizational risk. Uses factor analysis of information risk (FAIR) as a methodology for measuring and managing risk in any organization. Carefully balances theory with practical applicability and relevant stories of successful implementation. Includes examples from a wide variety of businesses and situations presented in an accessible writing style.

Measuring and Managing Operational Risk

Measuring and Managing Operational Risk
  • Author : Paola Leone,Pasqualina Porretta,Mario Vellella
  • Publisher :Unknown
  • Release Date :2017-12-26
  • Total pages :211
  • ISBN : 9783319694108
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Summary : This book covers Operational Risk Management (ORM), in the current context, and its new role in the risk management field. The concept of operational risk is subject to a wide discussion also in the field of ORM’s literature, which has increased throughout the years. By analyzing different methodologies that try to integrate qualitative and quantitative data or different measurement approaches, the authors explore the methodological framework, the assumptions, statistical tool, and the main results of an operational risk model projected by intermediaries. A guide for academics and students, the book also discusses the avenue of mitigation acts, suggested by the main results of the methodologies applied. The book will appeal to students, academics, and financial supervisory and regulatory authorities.

Measuring and Managing Information Risk

Measuring and Managing Information Risk
  • Author : Jack Freund,Jack Jones
  • Publisher :Unknown
  • Release Date :2014-08-23
  • Total pages :408
  • ISBN : 9780127999326
GET BOOK HERE

Summary : Using the factor analysis of information risk (FAIR) methodology developed over ten years and adopted by corporations worldwide, Measuring and Managing Information Risk provides a proven and credible framework for understanding, measuring, and analyzing information risk of any size or complexity. Intended for organizations that need to either build a risk management program from the ground up or strengthen an existing one, this book provides a unique and fresh perspective on how to do a basic quantitative risk analysis. Covering such key areas as risk theory, risk calculation, scenario modeling, and communicating risk within the organization, Measuring and Managing Information Risk helps managers make better business decisions by understanding their organizational risk. Uses factor analysis of information risk (FAIR) as a methodology for measuring and managing risk in any organization. Carefully balances theory with practical applicability and relevant stories of successful implementation. Includes examples from a wide variety of businesses and situations presented in an accessible writing style.

How to Measure Anything in Cybersecurity Risk

How to Measure Anything in Cybersecurity Risk
  • Author : Douglas W. Hubbard,Richard Seiersen
  • Publisher :Unknown
  • Release Date :2016-07-25
  • Total pages :304
  • ISBN : 9781119085294
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Summary : A ground shaking exposé on the failure of popular cyber risk management methods How to Measure Anything in Cybersecurity Risk exposes the shortcomings of current "risk management" practices, and offers a series of improvement techniques that help you fill the holes and ramp up security. In his bestselling book How to Measure Anything, author Douglas W. Hubbard opened the business world's eyes to the critical need for better measurement. This book expands upon that premise and draws from The Failure of Risk Management to sound the alarm in the cybersecurity realm. Some of the field's premier risk management approaches actually create more risk than they mitigate, and questionable methods have been duplicated across industries and embedded in the products accepted as gospel. This book sheds light on these blatant risks, and provides alternate techniques that can help improve your current situation. You'll also learn which approaches are too risky to save, and are actually more damaging than a total lack of any security. Dangerous risk management methods abound; there is no industry more critically in need of solutions than cybersecurity. This book provides solutions where they exist, and advises when to change tracks entirely. Discover the shortcomings of cybersecurity's "best practices" Learn which risk management approaches actually create risk Improve your current practices with practical alterations Learn which methods are beyond saving, and worse than doing nothing Insightful and enlightening, this book will inspire a closer examination of your company's own risk management practices in the context of cybersecurity. The end goal is airtight data protection, so finding cracks in the vault is a positive thing—as long as you get there before the bad guys do. How to Measure Anything in Cybersecurity Risk is your guide to more robust protection through better quantitative processes, approaches, and techniques.

Modeling, Measuring and Managing Risk

Modeling, Measuring and Managing Risk
  • Author : Georg Ch Pflug,Werner Romisch
  • Publisher :Unknown
  • Release Date :2007
  • Total pages :286
  • ISBN : 9789812708724
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Summary : This book is the first in the market to treat single- and multi-period risk measures (risk functionals) in a thorough, comprehensive manner. It combines the treatment of properties of the risk measures with the related aspects of decision making under risk.The book introduces the theory of risk measures in a mathematically sound way. It contains properties, characterizations and representations of risk functionals for single-period and multi-period activities, and also shows the embedding of such functionals in decision models and the properties of these models.

Security Risk Management

Security Risk Management
  • Author : Evan Wheeler
  • Publisher :Unknown
  • Release Date :2011-04-20
  • Total pages :360
  • ISBN : 1597496162
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Summary : Security Risk Management is the definitive guide for building or running an information security risk management program. This book teaches practical techniques that will be used on a daily basis, while also explaining the fundamentals so students understand the rationale behind these practices. It explains how to perform risk assessments for new IT projects, how to efficiently manage daily risk activities, and how to qualify the current risk level for presentation to executive level management. While other books focus entirely on risk analysis methods, this is the first comprehensive text for managing security risks. This book will help you to break free from the so-called best practices argument by articulating risk exposures in business terms. It includes case studies to provide hands-on experience using risk assessment tools to calculate the costs and benefits of any security investment. It explores each phase of the risk management lifecycle, focusing on policies and assessment processes that should be used to properly assess and mitigate risk. It also presents a roadmap for designing and implementing a security risk management program. This book will be a valuable resource for CISOs, security managers, IT managers, security consultants, IT auditors, security analysts, and students enrolled in information security/assurance college programs. Named a 2011 Best Governance and ISMS Book by InfoSec Reviews Includes case studies to provide hands-on experience using risk assessment tools to calculate the costs and benefits of any security investment Explores each phase of the risk management lifecycle, focusing on policies and assessment processes that should be used to properly assess and mitigate risk Presents a roadmap for designing and implementing a security risk management program

Measuring and Managing Liquidity Risk

Measuring and Managing Liquidity Risk
  • Author : Antonio Castagna,Francesco Fede
  • Publisher :Unknown
  • Release Date :2013-09-03
  • Total pages :598
  • ISBN : 9781119990246
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Summary : A fully up-to-date, cutting-edge guide to the measurement and management of liquidity risk Written for front and middle office risk management and quantitative practitioners, this book provides the ground-level knowledge, tools, and techniques for effective liquidity risk management. Highly practical, though thoroughly grounded in theory, the book begins with the basics of liquidity risks and, using examples pulled from the recent financial crisis, how they manifest themselves in financial institutions. The book then goes on to look at tools which can be used to measure liquidity risk, discussing risk monitoring and the different models used, notably financial variables models, credit variables models, and behavioural variables models, and then at managing these risks. As well as looking at the tools necessary for effective measurement and management, the book also looks at and discusses current regulation and the implication of new Basel regulations on management procedures and tools.

How to Manage Cybersecurity Risk

How to Manage Cybersecurity Risk
  • Author : Christopher T. Carlson
  • Publisher :Unknown
  • Release Date :2019-10-15
  • Total pages :284
  • ISBN : 9781627342766
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Summary : Protecting information systems to reduce the risk of security incidents is critical for organizations today. This writing provides instruction for security leaders on the processes and techniques for managing a security program. It contains practical information on the breadth of information security topics, referring to many other writings that provide details on technical security topics. This provides foundation for a security program responsive to technology developments and an evolving threat environment. The security leader may be engaged by an organization that is in crisis, where the priority action is to recover from a serious incident. This work offers foundation knowledge for the security leader to immediately apply to the organization’s security program while improving it to the next level, organized by development stage: • Reactive – focused on incident detection and response • Planned – control requirements, compliance and reporting • Managed – integrated security business processes The security leader must also communicate with the organization executive, whose focus is on results such as increasing revenues or reducing costs. The security leader may initially be welcomed as the wizard who applies mysterious skills to resolve an embarrassing incident. But the organization executive will lose patience with a perpetual crisis and demand concrete results. This writing explains how to communicate in terms executives understand.

Measuring and Managing Credit Risk

Measuring and Managing Credit Risk
  • Author : Arnaud de Servigny,Olivier Renault
  • Publisher :Unknown
  • Release Date :2004-05-05
  • Total pages :388
  • ISBN : 9780071788007
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Summary : Today's most complete, up-to-date reference for controlling credit risk exposure of all types, in every environment Measuring and Managing Credit Risk takes you far beyond the Basel guidelines to detail a powerful, proven program for understanding and controlling your firm’s credit risk. Providing hands-on answers on practical topics from capital management to correlations, and supporting its theories with up-to-the-minute data and insights, this authoritative book examines every key aspect of credit risk, including: Determinants of credit risk and pricing/spread implications Quantitative models for moving beyond Altman’s Z score to separate “good” borrowers from “bad” Key determinants of loss given default, and potential links between recovery rates and probabilities of default Measures of dependency including linear correlation, and the impact of correlation on portfolio losses A detailed review of five of today’s most popular portfolio models—CreditMetrics, CreditPortfolioView, Portfolio Risk Tracker, CreditRisk+, and Portfolio Manager How credit risk is reflected in the prices and yields of individual securities How derivatives and securitization instruments can be used to transfer and repackage credit risk Today’s credit risk measurement and management tools and techniques provide organizations with dramatically improved strength and flexibility, not only in mitigating risk but also in improving overall financial performance. Measuring and Managing Credit Risk introduces and explores each of these tools, along with the rapidly evolving global credit environment, to provide bankers and other financial decision-makers with the know-how to avoid excessive credit risk where possible—and mitigate it when necessary.

Managing and Measuring of Risk

Managing and Measuring of Risk
  • Author : Oliviero Roggi
  • Publisher :Unknown
  • Release Date :2013
  • Total pages :519
  • ISBN : 9789814417501
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Summary : This volume presents the most recent achievements in risk measurement and management, as well as regulation of the financial industry, with contributions from prominent scholars and practitioners, and provides a comprehensive overview of recent emerging standards in risk management from an interdisciplinary perspective.

Security Metrics

Security Metrics
  • Author : Andrew Jaquith
  • Publisher :Unknown
  • Release Date :2007-03-26
  • Total pages :336
  • ISBN : 0132715775
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Summary : The Definitive Guide to Quantifying, Classifying, and Measuring Enterprise IT Security Operations Security Metrics is the first comprehensive best-practice guide to defining, creating, and utilizing security metrics in the enterprise. Using sample charts, graphics, case studies, and war stories, Yankee Group Security Expert Andrew Jaquith demonstrates exactly how to establish effective metrics based on your organization’s unique requirements. You’ll discover how to quantify hard-to-measure security activities, compile and analyze all relevant data, identify strengths and weaknesses, set cost-effective priorities for improvement, and craft compelling messages for senior management. Security Metrics successfully bridges management’s quantitative viewpoint with the nuts-and-bolts approach typically taken by security professionals. It brings together expert solutions drawn from Jaquith’s extensive consulting work in the software, aerospace, and financial services industries, including new metrics presented nowhere else. You’ll learn how to: • Replace nonstop crisis response with a systematic approach to security improvement • Understand the differences between “good” and “bad” metrics • Measure coverage and control, vulnerability management, password quality, patch latency, benchmark scoring, and business-adjusted risk • Quantify the effectiveness of security acquisition, implementation, and other program activities • Organize, aggregate, and analyze your data to bring out key insights • Use visualization to understand and communicate security issues more clearly • Capture valuable data from firewalls and antivirus logs, third-party auditor reports, and other resources • Implement balanced scorecards that present compact, holistic views of organizational security effectiveness

Information Security Risk Assessment Toolkit

Information Security Risk Assessment Toolkit
  • Author : Mark Talabis,Jason Martin
  • Publisher :Unknown
  • Release Date :2012
  • Total pages :258
  • ISBN : 9781597497350
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Summary : In order to protect company's information assets such as sensitive customer records, health care records, etc., the security practitioner first needs to find out: what needs protected, what risks those assets are exposed to, what controls are in place to offset those risks, and where to focus attention for risk treatment. This is the true value and purpose of information security risk assessments. Effective risk assessments are meant to provide a defendable analysis of residual risk associated with your key assets so that risk treatment options can be explored. Information Security Risk Assessments gives you the tools and skills to get a quick, reliable, and thorough risk assessment for key stakeholders. Based on authors' experiences of real-world assessments, reports, and presentations Focuses on implementing a process, rather than theory, that allows you to derive a quick and valuable assessment Includes a companion web site with spreadsheets you can utilize to create and maintain the risk assessment

Digital Asset Valuation and Cyber Risk Measurement

Digital Asset Valuation and Cyber Risk Measurement
  • Author : Keyun Ruan
  • Publisher :Unknown
  • Release Date :2019-05-29
  • Total pages :200
  • ISBN : 9780128123287
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Summary : Digital Asset Valuation and Cyber Risk Measurement: Principles of Cybernomics is a book about the future of risk and the future of value. It examines the indispensable role of economic modeling in the future of digitization, thus providing industry professionals with the tools they need to optimize the management of financial risks associated with this megatrend. The book addresses three problem areas: the valuation of digital assets, measurement of risk exposures of digital valuables, and economic modeling for the management of such risks. Employing a pair of novel cyber risk measurement units, bitmort and hekla, the book covers areas of value, risk, control, and return, each of which are viewed from the perspective of entity (e.g., individual, organization, business), portfolio (e.g., industry sector, nation-state), and global ramifications. Establishing adequate, holistic, and statistically robust data points on the entity, portfolio, and global levels for the development of a cybernomics databank is essential for the resilience of our shared digital future. This book also argues existing economic value theories no longer apply to the digital era due to the unique characteristics of digital assets. It introduces six laws of digital theory of value, with the aim to adapt economic value theories to the digital and machine era. Comprehensive literature review on existing digital asset valuation models, cyber risk management methods, security control frameworks, and economics of information security Discusses the implication of classical economic theories under the context of digitization, as well as the impact of rapid digitization on the future of value Analyzes the fundamental attributes and measurable characteristics of digital assets as economic goods Discusses the scope and measurement of digital economy Highlights cutting-edge risk measurement practices regarding cybersecurity risk management Introduces novel concepts, models, and theories, including opportunity value, Digital Valuation Model, six laws of digital theory of value, Cyber Risk Quadrant, and most importantly, cyber risk measures hekla and bitmort Introduces cybernomics, that is, the integration of cyber risk management and economics to study the requirements of a databank in order to improve risk analytics solutions for (1) the valuation of digital assets, (2) the measurement of risk exposure of digital assets, and (3) the capital optimization for managing residual cyber risK Provides a case study on cyber insurance

How to Measure Anything Workbook

How to Measure Anything Workbook
  • Author : Douglas W. Hubbard
  • Publisher :Unknown
  • Release Date :2014-02-26
  • Total pages :160
  • ISBN : 9781118860397
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Summary : The invaluable companion to the new edition of the bestselling How to Measure Anything This companion workbook to the new edition of the insightful and eloquent How to Measure Anything walks readers through sample problems and exercises in which they can master and apply the methods discussed in the book. The book explains practical methods for measuring a variety of intangibles, including approaches to measuring customer satisfaction, organizational flexibility, technology risk, technology ROI, and other problems in business, government, and not-for-profits. Companion to the revision of the bestselling How to Measure Anything Provides chapter-by-chapter exercises Written by industry leader Douglas Hubbard Written by recognized expert Douglas Hubbard—creator of Applied Information Economics—How to Measure Anything Workbook illustrates how the author has used his approach across various industries and how any problem, no matter how difficult, ill defined, or uncertain can lend itself to measurement using proven methods.

The Fundamentals of Risk Measurement

The Fundamentals of Risk Measurement
  • Author : Christopher Marrison
  • Publisher :Unknown
  • Release Date :2002-07-18
  • Total pages :415
  • ISBN : 9780071736886
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Summary : A step-by-step guidebook for understanding—and implementing—integrated financial risk measurement and management The Fundamentals of Risk Measurement introduces the state-of-the-art tools and practices necessary for planning, executing, and maintaining risk management in today’s volatile financial environment. This comprehensive book provides description and analysis of topics including: Economic capital Risk adjusted return on capital (RAROC) Shareholder Value Added (SVA) Value at Risk (VaR) Asset/liability management (ALM) Credit risk for a single facility Credit risk for portfolios Operating risk Inter-risk diversification The Basel Committee Capital Accords The banking world is driven by risk. The Fundamentals of Risk Measurement shows you how to quantify that risk, outlining an integrated framework for risk measurement and management that is straightforward, practical for implementation, and based on the realities of today’s tumultuous global marketplace. “Banks make money in one of two ways: providing services to customers and taking risks. In this book, we address the business of making money by taking risk....”—From the Introduction In The Fundamentals of Risk Measurement, financial industry veteran Chris Marrison examines what banks must do to succeed in the business of making money by taking risk. Encompassing the three primary areas of banking risk—market, credit, and operational—and doing so in a uniquely intuitive, step-by-step format, Marrison provides hands-on details on the primary tools for financial risk measurement and management, including: Plain-English evaluation of specific risk measurement tools and techniques Use of Value at Risk (VaR) for assessment of market risk for trading operations Asset/liability management (ALM) techniques, transfer pricing, and managing market and liquidity risk The many available methods for analyzing portfolios of credit risks Using RAROC to compare the risk-adjusted profitability of businesses and price transactions In addition, woven throughout The Fundamentals of Risk Measurement are principles underlying the regulatory capital requirements of the Basel Committee on Banking Supervision, and what banks must do to understand and implement them. The requirements are defined, implications of the New Capital Accord are presented, and the major steps that a bank must take to implement the New Accord are discussed. The resulting thumbnail sketch of the Basel Committee, and specifically the New Capital Accord, is valuable as both a ready reference and a foundation for further study of this important initiative. Risk is unavoidable in the financial industry. It can, however, be measured and managed to provide the greatest risk-adjusted return, and limit the negative impacts of risk to a bank’s shareholders as well as potential borrowers and lenders. The Fundamentals of Risk Management provides risk managers with an approach to risk-taking that is both informed and prudent, one that shows operations managers how to control risk exposures as it allows decision-making executives to direct resources to opportunities that are expected to create maximum return with minimum risk. The result is today’s most complete introduction to the business of risk, and a valuable reference for anyone from the floor trader to the officer in charge of overseeing the entire risk management operation.

Quantitative Risk Management

Quantitative Risk Management
  • Author : Thomas S. Coleman
  • Publisher :Unknown
  • Release Date :2012-03-20
  • Total pages :576
  • ISBN : 9781118235935
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Summary : State of the art risk management techniques andpractices—supplemented with interactive analytics All too often risk management books focus on risk measurementdetails without taking a broader view. Quantitative RiskManagement delivers a synthesis of common sense managementtogether with the cutting-edge tools of modern theory. This bookpresents a road map for tactical and strategic decision makingdesigned to control risk and capitalize on opportunities. Mostprovocatively it challenges the conventional wisdom that "riskmanagement" is or ever should be delegated to a separatedepartment. Good managers have always known that managing risk iscentral to a financial firm and must be the responsibility ofanyone who contributes to the profit of the firm. A guide to risk management for financial firms and managers inthe post-crisis world, Quantitative Risk Management updatesthe techniques and tools used to measure and monitor risk. Theseare often mathematical and specialized, but the ideas are simple.The book starts with how we think about risk and uncertainty, thenturns to a practical explanation of how risk is measured in today'scomplex financial markets. Covers everything from risk measures, probability, andregulatory issues to portfolio risk analytics and reporting Includes interactive graphs and computer code for portfoliorisk and analytics Explains why tactical and strategic decisions must be made atevery level of the firm and portfolio Providing the models, tools, and techniques firms need to buildthe best risk management practices, Quantitative RiskManagement is an essential volume from an experienced managerand quantitative analyst.

The Failure of Risk Management

The Failure of Risk Management
  • Author : Douglas W. Hubbard
  • Publisher :Unknown
  • Release Date :2009-04-27
  • Total pages :281
  • ISBN : 9780470387955
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Summary : This book "takes a close look at misused and misapplied basic analysis methods and shows how some of the most popular "risk management" methods are no better than astrology! Using examples from the 2008 credit crisis, natural disasters, outsourcing to China, engineering disasters, and more, Hubbard reveals critical flaws in risk management methods–and shows how all of these problems can be fixed. The solutions involve combinations of scientifically proven and frequently used methods from nuclear power, exploratory oil, and other areas of business and government. Finally, Hubbard explains how new forms of collaboration across all industries and government can improve risk management in every field." - product description.

The Cyber Risk Handbook

The Cyber Risk Handbook
  • Author : Domenic Antonucci
  • Publisher :Unknown
  • Release Date :2017-05
  • Total pages :448
  • ISBN : 9781119308805
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Summary : Actionable guidance and expert perspective for real-world cybersecurity The Cyber Risk Handbook is the practitioner's guide to implementing, measuring and improving the counter-cyber capabilities of the modern enterprise. The first resource of its kind, this book provides authoritative guidance for real-world situations, and cross-functional solutions for enterprise-wide improvement. Beginning with an overview of counter-cyber evolution, the discussion quickly turns practical with design and implementation guidance for the range of capabilities expected of a robust cyber risk management system that is integrated with the enterprise risk management (ERM) system. Expert contributors from around the globe weigh in on specialized topics with tools and techniques to help any type or size of organization create a robust system tailored to its needs. Chapter summaries of required capabilities are aggregated to provide a new cyber risk maturity model used to benchmark capabilities and to road-map gap-improvement. Cyber risk is a fast-growing enterprise risk, not just an IT risk. Yet seldom is guidance provided as to what this means. This book is the first to tackle in detail those enterprise-wide capabilities expected by Board, CEO and Internal Audit, of the diverse executive management functions that need to team up with the Information Security function in order to provide integrated solutions. Learn how cyber risk management can be integrated to better protect your enterprise Design and benchmark new and improved practical counter-cyber capabilities Examine planning and implementation approaches, models, methods, and more Adopt a new cyber risk maturity model tailored to your enterprise needs The need to manage cyber risk across the enterprise—inclusive of the IT operations—is a growing concern as massive data breaches make the news on an alarmingly frequent basis. With a cyber risk management system now a business-necessary requirement, practitioners need to assess the effectiveness of their current system, and measure its gap-improvement over time in response to a dynamic and fast-moving threat landscape. The Cyber Risk Handbook brings the world's best thinking to bear on aligning that system to the enterprise and vice-a-versa. Every functional head of any organization must have a copy at-hand to understand their role in achieving that alignment.

Measuring and Managing Operational Risks in Financial Institutions

Measuring and Managing Operational Risks in Financial Institutions
  • Author : Christopher Lee Marshall
  • Publisher :Unknown
  • Release Date :2001-01-12
  • Total pages :608
  • ISBN : 0471845957
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Summary : A comprehensive and innovative look at how to protect financial institutions from operational risks Operational risk is the risk associated with human error, systems failures, and inadequate controls and procedures in information systems or internal controls that will result in an unexpected loss. According to a recent survey, about seventy percent of banks consider operational risk as important as market or credit risks. Nearly a quarter of the same banks admit to operation-related losses of more than $1.6 million-many cases are so embarrassing that banks will not actually admit any error on their part. Firms are just beginning to develop their own operational risk management systems and they need guidance on how to do it. This book will help them identify, measure, and manage their operational risks. Christopher Marshall (Singapore) is Associate Director of the Center for Financial Engineering at the National University of Singapore. He has written numerous articles in Risk magazine and Harvard Business School cases.

Risk Management in Organizations

Risk Management in Organizations
  • Author : Margaret Woods
  • Publisher :Unknown
  • Release Date :2011
  • Total pages :176
  • ISBN : 9780415591720
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Summary : In any organization, risk plays a huge role in the success or failure of any business endeavour. Measuring and managing risk is a difficult and often complicated task and the global financial crisis of the late noughties can be traced to a worldwide deficiency in risk management regimes. One of the problems in understanding how best to manage risk is a lack of detailed examples of real world practice. In this accessible textbook the author sets the world of risk management in the context of the broader corporate governance agenda, as well as explaining the core elements of a risk management system. Material on the differences between risk management and internal auditing is supplemented by a section on the professionalization of risk âe" a relatively contemporary evolution. Enterprise risk management is also fully covered. With a detailed array of risk management cases âe" including Tesco, RBS and the UK government âe" lecturers will find this a uniquely well researched resource, supplemented by materials that enable the cases to be easily integrated into the classroom. Risk managers will be delighted with the case materials made available for the first time with the publication of this book.