How can financial enterprises gain both resilience and protection when cyber risks are increasing every day? An integrated approach, blending operational risk and cyber security, makes a powerful starting point. For help in integrating these functions, see http://bit.ly/1R5qBWb.

1. Learn more about how to stay one step ahead of cyber threats with our full report:
www.accenture.com/CyberRiskIntegration
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The Convergence of
Operational Risk and
Cyber Security
Cyber threats are increasing. And as the world becomes
digitized and sensitive data resides in the cloud, on mobile
devices and across the Internet of Things, banks and
financial institutions need to take an integrated view of
their operational risk and cyber security.
It starts with seeing cyber security breaches as
an actual risk, then boosting your enterprise
risk management strategy by bringing together
leadership and capabilities across fraud, IT,
cyber security and operational risk.
How?
The goal—resilience and protection
through key actions such as:
Establishing consistent definitions of
cyber security.
Managing cyber security as a risk
discipline across three lines of defense
—ownership, oversight and assurance.
Collaborating across silos to share
knowledge and cooperation between
technology and operational risk staff.
And coordinating and aligning
between cyber security and
operational risk to improve visibility
and communication at the board level
and develop a comprehensive
strategic response.
Data breaches
Ransom demands
DDOS attacks
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