Transcript of Getronic's John Pironti on Leading Edge Risk Management Practices

Risk Management

Swart: Let’s start talking about risk management, but rather talking about traditional issues of information and business impact analysis. I was wondering, is there some fundamental question or fundamental process that banking and finance executives should start with when they start thinking about risk management?

Pironti: There actually is. As we start looking at risk management and more specifically information risk management, which is really what we’re focusing our attention and the work I’m doing on, one of the first things we often ask ourselves is to figure out what problem are we trying to solve. To what degree are we trying to solve a problem? With what degree are we trying to protect the information? And once we understand those basic principles, then we should be looking to go through a process that we call Threat and Vulnerability Analysis.

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