New Cyberrisk responsibilities for chief risk officers

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<title>New Cyberrisk responsibilities for chief risk officers</title>
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<abstract displayLabel="Summary">Common trenos are emerging in the new and proposed cyberrisk management regulatory standards calling for a broad range of financia! institutions to address cyberrisk across all three lines of defense (3LoD)_In a 3LoD model, the first line ofdefense includes risktaking units, such as the front-office business units responsible for revenue and business decisions, as well as the control and support functions that can influence the firm's risk profile, like operations, information technology, and certain activities within treasury and finance_ The second line includes oversight, risk management and other control functions that are independent of the business_ Finally, the third line consists of interna! auditors reviewing the processes of the first and second lines_ Additionally, the board of directors will be expected to provide oversight through its risk and audit committees_ </abstract>
<note type="statement of responsibility">John Doherty, Mark Watson</note>
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<title>Risk Management Magazine</title>
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<publisher>New York : Risk and Insurance Management Society, 1982-</publisher>
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<identifier type="issn">0035-5593</identifier>
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<text>05/06/2017 Volumen 64 Número 6 - junio 2017 , p. 31-34</text>
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