Leveraging the COSO ERM Framework to Integrate Cyber Risk Management & Enterprise Risk Management

Cyber threats and attacks continue to increase in number and complexity – all while the business world grows more digitized and connected. As businesses and technology have evolved, so has the COSO Enterprise Risk Management (ERM) Framework. One of the foundational drivers behind the update of the ERM Framework was the need to address the evolution of risk management in the cyber age, and the need for organizations to improve their approach to managing cyber risk. 

This session will provide an overview on cyber risk management through principles defined in the COSO Enterprise Risk Management Framework.  In this session we will review the importance of leveraging these COSO ERM Framework principles to manage cyber risk, dig into details on how to integrate cyber risk management with enterprise risk management, and explore anticipated future developments in ERM and cyber risk.

Learning Objectives:

This session shall assist the participants in understanding the following:

• Define key updates to the COSO ERM Framework. 
• Identify the importance of leveraging COSO ERM Framework principles to manage cyber risk.
• Discuss best practices for leveraging the framework to integrate cyber risk management with enterprise risk management. 
• Explore anticipated future developments of ERM and cyber risk.