‘Embrace ERM and 3 LoD’ to manage cyber risk says Thailand OIC Deputy
By StrategicRISK Asia
Opening PARIMA’s Bangkok conference Chuchatr Pramoolpol, Deputy Secretary-General, Office of Insurance Commission said cyber risk has come to the fore in recent years in Thailand
Information technology and the associated cyber risk have become a key focus for all boards in Thailand in recent years, Chuchatr Pramoolpol, Deputy Secretary-General, Office of Insurance Commission told delegates at PARIMA’s Bangkok conference today.
“It is undeniable that cyber risk is a huge issue in our country. In order to protect our businesses from cyber threats, we must learn to embrace ERM and the three lines of defence model better,” he said.
New tools are available becoming available for risk managers to use when it comes to managing this threat and Pramoolpol recommended risk managers actively seek out these tools to help mitigate the risk.