Page 3 - RMAI Bulletin July - September 2021
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RMAI BULLETIN JULY TO SEPTEMBER 2021
RISK MANAGEMENT ASSOCIATION OF INDIA
RISK MANAGEMENT ASSOCIATION OF INDIA
Registered Under Societies Registration Act - 1961 Vide Registration No. S/73835 (WB)
A Non Profit Organisation Engaged in Promotion of Risk Management Discipline in India
VOL. IV - No. 03 - July - September 2021 Editorial
Council Members
Mr. R.G.Agarwala, President
Prof. (Dr.) Abhijit K Chattoraj, Vice President
Risk management has taken center stage as companies grapple
Dr. Rakesh Agarwal, Secretary General with the after effects of the COVID-19 pandemic. Organisations
Mr. Shyam Agarwal, Treasurer who already had a robust Risk Management Policy and
Mr. Vineet Agrwal framework were too affected but they could quickly adapt to the
Mr. Naren Bonnerjee new environment and the overall impact was controlled.
Mr. Bilwa Banerjee
A large number of organisations did not have a proper system in
place. They were the most affected lot. In this age of competition
Advisory Council Members
those who cannot respond quickly to the development in external
Mr. B D Banerjee
environment are bound to suffer. Pandemic also led to adoption
Mr. Kamalji Sahay
of technology at massive level across the organisations.
Mr. G Srinivasan
Mr. Kaushal K Mishra Technology has its drawbacks in terms of cyber issues but overall
Mr. Sridhar Kalyanasundaram the benefit of adopting technology is much greater in terms of
Mr. Somit Chitrey ease of operation, better internal communication, better
customer service.
Mr. KB Vijay Srinivas
But the companies must be cautious and have a proper Cyber
RMAI Industry Experts Risk Management Plan as there would be increased chances of
Mr. Amol Padhye - Banking data breach and possible cyber attacks.
Mr. N.K.V Roop Kumar - Life Insurance
Mr. Anjan Bhattacharya - Life Insurance Organizations need to plan and implement a risk management
strategy to mitigate the risks specific to their business and to
Mr. Ganesh Iyer - Life Insurance
eliminate cyber-attack threats. A cyber risk management plan
Mr. Vikas Newatia - General Insurance
can help the decision-makers to identify the risks associated with
Mr. Avez Sayed - General Insurance
it on an operation level. An assessment related to cyber risk will
Mr. Surath Mukherjee - Corporate
help the business to establish the likelihood of any cyber-related
Mr. Dwaipayan Dutta - Life and Health attacks they are vulnerable to. A cyber risk management strategy
Mr. Kr Sumit Gaurav - Life Insurance, Uganda can help the organisations to understand the major threats and
devise strategy according to the nature of risks.
RMAI Brand Ambassador
Business leaders can no longer solely rely on out-of-the-box
Mr. Shaik Gulam Afzal Biya Bani,
cybersecurity solutions like antivirus software or firewalls. The
Middle-East and North Africa (MENA)
cybercriminals are getting more and more smarter and their
tactics are becoming more resilient to conventional cyber
RMAI Academic Council defences.
Prof Manoj K Pandey
Prof Pratik Priyadarshi Cyber threats can come from any level of organization. The
Dr. A. A. Attarwala workplaces must include cybersecurity awareness training to
educate staff about common cyber threats like social engineering
scams, phishing, ransomware attacks (think WannaCry), and
Registered Office
other malware designed to steal intellectual property or personal
25/1, Baranashi Ghosh Street
data apart from other risk mitigation plans.
Near Girish Park Metro, Kolkata – 700007 (India)
Website : www.rmaindia.org A proper cyber risk management plan can help to prevent attacks
Email : info@rmaindia.org and mitigate cyber-attacks, help in cost reduction and protecting
Help Line : 033 22184184 / 40078378 / 40078428 the revenue, and also helps to Increase business reputation.
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