Risk management, specifically enterprise-wide operational risk management, has come to the forefront of responsibilities for executive management and boards of directors. It is imperative that all stakeholders understand the emerging risks of e-business, the potential impacts of cyber-related loss to their business model, and the array of solutions necessary to adequately meet these risk management needs as they take shape. Today’s climate of rapid technological change, heightened regulatory scrutiny of technology risk, and legal uncertainties, along with the absence of standardized insurance products, makes it difficult for directors, officers, information security officers and risk managers to identify and close gaps in their institutions’ risk management and risk transfer programs. Copyright BITS April 30, 2004. Reprinted with permission. All rights reserved.