Los Angeles Chapter of Risk and Insurance Management Society

Next Meeting

June 5th, 2019
"LA RIMS Golf Tournament"

News Items

Ransomware Down, Extortion and Email Fraud Up in 2018, Proofpoint Finds
Ransomware may have waned at the end of last year, but that gave way to straight-up extortion, according to Proofpoint's newest Quarterly Threat Report, Q4 2018.

Despite a slight resurgence in the middle of last year, ransomware strains appeared in "relatively small, sporadic email campaigns" that by Dec. 31, 2018, comprised one-tenth of 1% of overall malicious message volume.

Aon’s Top Cyber Threats for 2019 Revealed
Companies' cyber risk profiles should be updated in tandem with each new digital technology that it embraces, according to Aon in its 2019 Cyber Security Risk Report. The scale of attacks and their impact on organizations is intensifying, and as recently reported, are becoming less predictable. Ransomware attacks may have peaked in 2018, as industry experts have noted, which sent malicious actors reverting to good old fashioned digital extortion, albeit with a slight twist.

New Fatigue Reports Awaken Employers to Injury Risks
The National Safety Council (NSC) estimates that roughly 13 percent of workplace injuries are attributable to sleep problems, causing an economic impact of $400 billion. NSC information suggests that employers with 1,000 employees could incur losses of more than $1 million per year in missed workdays, lower productivity and increased healthcare due to employee fatigue.

Seven Qualities of an Impactful Risk Register
You might have resolved to tidy up some processes and press the "reset" button on your risk register in the new year. Whether you've started a new position, want to improve your company's operations or just overhaul your existing register, the basic foundations are out there.

Demonstrating their altruistic nature, many RIMS members have been offering their insight to those seeking suggestions - even going to far as to send their Excel sheet registers. Here are some criteria for your X and Y axes, culled from the OPIS network and existing resources on Risk Knowledge. While they are by no means a finite list, they can act as building blocks for your new template or register.

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President's Message

Jeff Stolle
Happy New Year! I hope everyone had a great, and relaxing?!?!, holiday season. As LA RIMS Chapter's new President for 2019, I wanted to let our members and supporters know about some of the exciting events coming up throughout the new year and to tell you more about our Chapter and how you can get involved.

First, I would like to introduce the 2019 LA RIMS Chapter Board Members. Without this group, none of our events would be possible. Being a Board Member requires extra time and commitment outside of everything else they do. They work hard to create and put on the best events for our members. We have a great mix of new faces and grizzled veterans making up our Board, they are:

President:Jeff Stolle, Director, Risk Management, Castle & Cooke, Inc.
Vice President:Scott Ritto, Vice President, Risk Management, Kilroy Realty Corporation
Treasurer:Cristina Montijo, Director, Risk Management and Insurance, Edwards Lifesciences
Secretary:Margarette Fisette, Risk Manager, Big 5 Sporting Goods
Past President:Manny Chavez, Risk Manager, Princess Cruise Lines
Directors:Vincent Monastersky, Vice President, Risk Management, Fox Entertainment
Dennis Healy, Risk Manager, BBSI
Cristian Iglesias, Risk Analyst, The Cheesecake Factory
Christal Warner, Associate Vice President-Commercial, Paul Davis
Rising Risk
Professionals Chair/
Board Liaison:
Mary Daly, Principal, Oliver Wyman
Executive Director
(keeps it all together!):
Amber Ardizone, Executive Management Associates

Upcoming Events:
June 5th, 2019
LA RIMS Golf Tournament

July 17th, 2019
Monthly Education Event

August 15th, 2019
LA RIMS Summer Mixer

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LA RIMS Thank Our Sponsors

Become a 2019 Sponsor

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