Tag Archives : CEO

Cyber security is an enterprise risk, FERMA tells the European Commission

Cyber security requires an enterprise-wide approach, and the risk manager’s role is to help the company achieve effective, data-based enterprise risk management, the Federation of European Risk Management Associations (FERMA) has told the European Commission.

Click above to read the FERMA response to the Commission’s consultation on public-private partnerships in cyber security

Click above to read the FERMA response to the Commission’s consultation on public-private partnerships in cyber security

In its response to the Commission’s consultation on public-private partnerships in cyber security concluded last week, FERMA stated: “Businesses have difficulties with reaching a basic level of protection often due to a lack of risk insights and data driven risk mitigation.”

FERMA President Jo Willaert, commented: “The boards of organisations need to understand that cyber risk is not only an IT risk; it is an enterprise risk. In that respect, we advocate a central role for the risk management function. Without being an IT specialist, the risk manager provides expert advice to support the board and the CEO. He or she is working hand in hand with the operational units such as IT, legal and internal audit.”

FERMA stressed that this overview of cyber risks across an organisation, including into the supply chain, is critical especially with the development of the Internet of Things. Using  scenario-based analysis, the risk manager can quantify the overall cyber risk exposure and validate mitigation strategies on an enterprise basis.

FERMA also argues that public intervention is necessary in order to help organisations cope with the challenge of cyber risks. It urges the development of:

  • A framework for the clarification of cross-border liabilities in cyber incidents;
  • A global set of rules for cyber risk assessment that would safeguard confidentiality in incident disclosure and insurance claims;
  • The incorporation of cyber risk governance in legislation and guidance to create an integrated approach to the threats from top to bottom of the organisation.

Jo Willaert said: “Cyber threats are now of a systemic nature. Businesses, governments and insurers, therefore, need to collaborate. We must act now.”

CONTACTS
Ms Typhaine Beaupérin, FERMA CEO: typhaine.beauperin@ferma.eu, tel: +32 (2) 761 94 31
Lee Coppack, press contact: lee@coppack.co.uk, tel: +44 208 318 0330/ +44 7843 089904
All FERMA press releases can be found here.


Making FERMA ever more open and efficient to support risk managers

My aim is for FERMA to work for the advantage of risk managers by becoming ever more open and efficient, says FERMA’s new CEO, Typhaine Beaupérin after her first month in the job. She is full of enthusiasm. “What I really love about FERMA is that the board and the members are passionate about what they do. With their support and the quality and commitment of the team in the FERMA office, my ambition is more than achievable.”

Ms.Typhaine Beaupérin, FERMA CEO

Ms.Typhaine Beaupérin, FERMA CEO


Typhaine joined FERMA as its first CEO in early December. A French woman who has lived in Brussels for more than 12 years and studied in France, Germany, the UK and Belgium, she declares herself an enthusiastic European. “I value different ways of thinking, of doing and of being, while aiming at a common goal.”

Before joining FERMA, she worked for 10 years as a lobbyist for a multi-national retail company, a global law firm and one of the leading European business organisations, EUROCHAMBRES. She was drawn to FERMA job, she says, because it gives her an opportunity to work directly with a profession, and with an organisation that is in the process of development.

“It is very refreshing to work with so many people who are so committed, so passionate about what they are doing. The members of the board give their time free on behalf of the profession. They have a real commitment to making sure that the profession is ever better recognised. Their dedication to the success of FERMA’s professional certification project rimap is one example of this, but it is not the only one.”

Typhaine finds politics fascinating, and her understanding of how policies are made and legislation passed will help to strengthen FERMA’s advocacy role. She believes FERMA should be a recognised partner for European institutions on all risk-related issues, direct or indirect. “Europe is a democratic progress and this is why groups make their views known. We want to be in the debate. We can be involved as stakeholders in shaping opinion. Being in Brussels, FERMA is close to the heart of European decision making.”

While working on FERMA’s new strategic plan, Typhaine says that her personal objective is “to make FERMA an even more open and efficient organisation in which all want to commit and participate. We cannot live without our members and to work with them, we have to be open and inclusive. We have to be efficient so that we can increase our visibility at EU level and in that way provide added value to members. I want to listen to our members, find out what they expect and connect better with them.”