Organizations must manage new risks.

• Position: RISK MANAGEMENT - Brief article

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Traditional risk management can't keep up with the risks of cyberspace, according to the Information Security Forum (ISF), the global authority on information security and information risk management, in its recent report "Threat Horizon 2014: Managing Risks When Threats Collide."

"To take advantage of technology and cyberspace, organizations must manage new risks beyond those traditionally covered by the information security function, including attacks on reputation and all manner of technology," the report stated.

The report identified three major categories of threats to today's organizations:

* External threats...