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The Enterprise Risk Management (ERM) Symposium, presented by the Casualty Actuarial Society (CAS), Canadian Institute of Actuaries (CIA) and Society of Actuaries (SOA), was held April 6-8 in Arlington, Virginia. I attended two sessions on cyber risk and the speakers expressed some common themes. One stated that there were two kinds of companies: those that have had a data breach and those that are not aware they have had a data breach. More than 1,868 breaches were reported in the United States in 2014.
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