At the top of today’s risk management agenda, cyber security poses an important challenge for financial services businesses. Highly publicized data breaches, ransom demands and distributed denial of services attacks are among the cyber security threats faced by banks.
An Accenture and Chartis Research study proposes an approach that can help build cyber resilience. Aligning the business’s operational risk and cyber security teams can deliver a strong, cross-functional and integrated approach to managing cyber security and operational risk.
Here are four building blocks that can help support an integrated approach to cyber risk management: