Thursday, December 22, 2016

A new paradigm in risk management

Many organizations are paranoid about security. They think that their business risks are hackers from outside. They do not trust outside service providers, such as Cloud services, or external consultants. They do not realize that their biggest risks are their own employees.

The employees could steal money (like in this case) or sell sensitive data to outsiders (as has happened in DBS Bank in Hong Kong). They employees can also take company secrets with them when they move to the competitor.

Companies should adopt a new paradigm in managing its risks.

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