News Risk Management03 Oct 2018

Institute of Risk Management launches new digital risk management certificate

03 Oct 2018

The London-headquartered Institute of Risk Management (IRM) has launched a Digital Risk Management certificate, developed with the support of the University of Warwick.

The new certificate, awarded by the IRM and developed with experts from the WMG Cyber Security Centre at the university, together with the latter’s Department of Politics and International Studies, has been designed to equip individuals to apply and develop their skills in an increasingly digital world.

The course covers how to carry out digital risk assessments and provides a detailed grounding in cyber security principles and practices and also looks at the ethical issues surrounding both privacy and machine learning.

The key topics covered are:

  • The digital world and the "4th industrial revolution"
  • Digital disruption, organisational and societal change
  • Risk management principles and practices in relation to digital risk
  • Ethical implications of digital innovation
  • Principles and practice of cyber security and incident management and
  • Audit and assurance for digital and emerging risk

Professor Tom Sorell, Professor of Politics and Philosophy at the University of Warwick, who contributed to the development of the study guide and syllabus, said, “The course will introduce learners to digital as a disruptive force both in products and services, as well as offering clear explanations around cybersecurity risks in business or the public sector. It is designed to develop a clear understanding of digital products and risks, and the tools and techniques which can help businesses stay protected.

“We hope the course will also appeal to anyone who would like to know more about the opportunities and vulnerabilities unleashed by the internet.”

IRM chief executive Ian Livsey said, “The digital world offers huge benefits and opportunities but the risks must also be clearly understood and managed.  One of the biggest risks organisations now face is the speed at which they could be disrupted by both operational and strategic threats; we have seen multiple high profile cases in the media detailing cyber attacks, data breaches and ransomware demands as well as total disruption of traditional markets by new ways of delivering products and services.

“Everyone concerned with the management of organisations should be equipped with the knowledge and understanding to mitigate these risks and this course is the perfect introduction.”

The new certificate can be taken on a standalone basis (and completed in as little as 6 months).

The course will be open for enrolment late 2018 with students starting their studies in 2019. It will be delivered by supported distance learning online and involve approximately 180 hours of study time. Students will sit their exam onscreen at test centres across the world.

More information is available here.

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