| When CyberMedia News reported on the
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| | tools. The question is, is that good
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| recent phishing attack on ICICI customers
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| | enough?With increasing sophistication in
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| one thing that stood out was that it was
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| | internal and external fraud,
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| conducted in a highly sophisticated and
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| | organisations must transcend their
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| well-planned manner. perpetrators had
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| | comfort zones and rely more on prevention
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| completely replicated ICICI Bank's net
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| | than on post mortems.A comprehensive risk
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| banking website hoping to get account
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| | management policy would encompass various
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| holders to reveal their access
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| | types of potential internal and external
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| information. It was an alert customer
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| | risks, the measures to control them, and
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| that brought the fraud to the bank's
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| | the damage control process if the
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| notice. To its credit, ICICI acted
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| | organization faces a real risk
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| quickly and minimised the damage.One of
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| | situation.This not only readies the
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| the reasons the bank could contain the
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| | organization to take swift action, based
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| damage early was that it had a robust
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| | on predefined risk triggers, but also
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| Risk Containment unit, which went into
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| | sends a clear message to its internal and
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| overdrive. The fraud was identified
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| | external stakeholders, that the
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| quickly, the damage control was swift and
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| | enterprise is alert to possible risks.The
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| the perpetrators were nabbed within a few
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| | episode at ICICI Bank cannot be taken in
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| days.Fraud is not restricted to the
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| | isolation. It is just a sign of things to
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| banking, finance or retail industry.
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| | come. According to the Anti-Phishing
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| Every organization is susceptible. This
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| | Working Group's website, phishing is on
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| time ICICI bank was the victim, but
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| | the increase in India.Its time to ask
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| tomorrow any organization could be the
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| | yourself how vulnerable your organisation
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| target.Madhabhi Puri Buch, senior general
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| | is, and whether it is geared to deal with
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| manager, ICICI Bank, noted that private
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| | the
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| banks in India have implemented processes
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| | risk.____________________________________
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| to combat such crimes. While it is true
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| | ___________Hitesh Asrani is Director of
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| that most organizations have implemented
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| | the Risk Management Enterprise, CRP
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| some measures in part, clearly defined
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| | Technologies, and has a deep-rooted
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| Risk Mitigation Policies in the Indian
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| | passion for nurturing ethical governance
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| business scenario are still a
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| | in India Inc. His ideas on Risk
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| minority.Risk can enter an organisation
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| | Mitigation are featured in his book "Walk
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| through only two doorways: people and
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| | The Talk." Visit the CRP Blog for more
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| processes. Organizations are realizing
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| | Risk Management updates.This article may
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| the value of pre-employment screening,
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| | be reprinted as long as the resource box
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| vendor reference checks and internal
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| | is left intact and all links are
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| audits as effective risk management
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| | hyperlinked.
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