Traditionally, the security department took care of security issues (e.g., premises, financial and intellectual property), and risk management took care of risk issues, which primarily meant insurance coverage, workers compensation, D&O and other issues. As companies have expanded the roles and responsibilities of their risk management departments in recent years, however, risk managers have found themselves working more closely with their security departments, often overlapping certain programs and responsibilities. Two areas where these departments are likely operating in a more coordinated manner are business continuity planning (BCP) and cyber-security. Full Story
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