Develop and Implement a Security Risk Management Program
Your Challenge
- To build an information security program, the organization must have a strong understanding of the risks it faces to help prioritize the controls or initiatives.
- Security risk is often difficult for business leaders to understand, as it falls out of the realm of their typical expertise.
- There is no one universal framework or methodology that can be used when it comes to risk management.
- Much of assessing and managing risk comes from making assumptions around certain threats, which are often weakly informed.
Our Advice
Critical Insight
- The best security programs are built on defensible risk management. These can ensure security decisions are made based on risk reduction benefit instead of frameworks alone.
- All risks can be quantified and incorporated into Info-Tech’s defensible model.
- Security risk management allows organizations to go from security uncertainty to saying confidently whether or not they are providing the correct level of security.
Impact and Result
- Develop a security risk management program to properly assess and manage the risks that affect your information systems.
- Tie together all the aspects of your risk management program, including your information security risk tolerance level, threat and risk assessments, and mitigation effectiveness models.
- Move away from framework-driven security programs and build a program that is based on the unique risk profile of your organization.
- Use Info-Tech’s Security Risk Register Tool to track all the different threats to the organization and understand what is above or below an acceptable level of risk.
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