Los Angeles Chapter of Risk and Insurance Management Society

Next Meeting

August 15th, 2019
"LA RIMS Summer Mixer"

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
Spring has sprung! One of the positive effects of the recent wildfires and our record breaking rain are the beautiful landscapes that are now blooming in the local mountains, but it also means more vegetation to burn during the next wildfire season (positive thoughts from a risk manager!)

As I write this I am preparing for the annual pilgrimage to the RIMS Conference. This year it is in Boston, next year it gets a little bit closer in Denver. Hopefully I will see (or saw) a lot of our Los Angeles Risk Community in Beantown.

Here are a few thoughts/reminders for the Chapter:

Golf Tournament

The LA RIMS Chapter's next event is the Annual Golf Tournament on Wednesday, June 5, at Brookside Golf Course in Pasadena. This is our Chapter's largest fundraiser of the year. It's always a fun time out on the course. This year's hole theme is "music". All of our hole sponsors have been tasked with creating an experience around music…it should be interesting to see what they come up with.

Remaining sponsorship opportunities for the Golf Tournament are limited. As of this writing, there are only a few holes available, a hole-in-one sponsorship, the foursome photo sponsorship, and a cocktail hour sponsor. We are also still looking for a corporate sponsor. If you are interested or have any questions about sponsorship please contact Amber.


Speaking of sponsorships, since my last letter, the Chapter is pleased to announce that we have four inaugural platinum sponsors: FM Global, Willis Towers Watson, Aon, and American Technologies (ATI). These four companies have committed to sponsor the Chapter for a full year. They will be recognized in all LA RIMS communications, on our website, and at our events (among other benefits). Thank you!

We also have sponsors already lined-up for the summer mixer and the holiday party. We look to our sponsors to help defray some of the costs and make the events as beneficial as possible to our members. We also seek to give back, this past year we were able to give CSUN $10,000, which they are using to send 6 students to the RIMS Conference. If you are interested in sponsoring any of our events please contact a Board Member or Amber.

Upcoming Events:
August 10th, 2019
Hollywood Sign Hike

August 15th, 2019
LA RIMS Summer Mixer

September 18th, 2019
Monthly Education Event

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LA RIMS Thank Our Sponsors


Become a 2019 Sponsor

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