Enterprise Risk Management Pays Dividends Across the Board, RIMS Says

Organizations employing mature risk management practices–as assessed with the RIMS Risk Maturity Model–realize a valuation premium of 25 percent, the Risk Management Society said.

“Anecdotal evidence of the business value of ERM is abundant, but organizations of all types and their management teams, committees and regulators have been looking for value measurements verified by independent research,” RIMS said in a report. It cited a 2014 valuation study by Mark Farrell and Ronan Gallagher using RMM data on publicly traded companies.

Read more at http://www.advisenltd.com/2015/05/13/enterprise-risk-management-pays-dividends-across-the-board-rims-says/

Chapman, Cate. ‘Enterprise risk management pays dividends across the board, RIMS says’. ©2015 Advisen Ltd. 27 May 2015.

Prescription for Trouble: Healthcare Industry Faces Rising Risk, Rising Losses

As personal health information (PHI) reaches a new level of popularity among cybercriminals, the healthcare industry finds itself at a challenging crossroads – how to deflect cyber attacks while following regulatory standards and keeping information accessible for medical professionals and patients.

Several recent studies, as well as Advisen data, illustrate the problems faced by healthcare entities. Medical identity theft skyrocketed over the last few years, with a McAfee Labs report estimating that a single health credential can sell for 10 to 20 times as much as a credit card number on the darknet. Medical ID theft can be both harder to detect and prevent, costing consumers thousands of dollars to resolve.

Read more at http://www.advisenltd.com/2015/05/14/prescription-for-trouble-healthcare-industry-faces-rising-risk-rising-losses/

Ayers, Erin. ‘Prescription for trouble: healthcare industry faces rising risk, rising losses’. ©2015 Advisen Ltd. 25 May 2015.