What is involved in IT Risk Management
Find out what the related areas are that IT Risk Management connects with, associates with, correlates with or affects, and which require thought, deliberation, analysis, review and discussion. This unique checklist stands out in a sense that it is not per-se designed to give answers, but to engage the reader and lay out a IT Risk Management thinking-frame.
How far is your company on its IT Risk Management Automation journey?
Take this short survey to gauge your organization’s progress toward IT Risk Management Automation leadership. Learn your strongest and weakest areas, and what you can do now to create a strategy that delivers results.
To address the criteria in this checklist for your organization, extensive selected resources are provided for sources of further research and information.
Start the Checklist
Below you will find a quick checklist designed to help you think about which IT Risk Management related domains to cover and 307 essential critical questions to check off in that domain.
The following domains are covered:
IT Risk Management, Computer security, Risk register, Security risk, Physical security, Zero-day attack, Computer insecurity, ISO/IEC 13335, Information Security Forum, ISO/IEC 27001, Standard of Good Practice, Chief information security officer, Chief information officer, Homeland Security Department, Data in transit, Risk scenario, National Information Assurance Training and Education Center, Qualitative research, Security controls, Risk assessment, Regulatory compliance, Information security, Information technology, IT Risk Management, Risk factor, Full disclosure, Quantitative research, Business continuity, Vulnerability assessment, Decision theory, Human resources, ISO/IEC 15408, Professional association, Information technology security audit, Risk appetite, Environmental security, ISO/IEC 27000-series, TIK IT Risk Framework, ISO/IEC 17799, National Security, Annualized Loss Expectancy, Systems Development Life Cycle, Best practice, Certified Information Systems Auditor, IT Baseline Protection Catalogs, Access control, ISO/IEC 21287, IT risk, Risk management, Assurance services, Health Insurance Portability and Accountability Act, Common Vulnerabilities and Exposures, Security service, The Open Group:
IT Risk Management Critical Criteria:
Scan IT Risk Management leadership and budget the knowledge transfer for any interested in IT Risk Management.
– Do you have a good understanding of emerging technologies and business trends that are vital for the management of IT risks in a fast-changing environment?
– Roles and Responsibilities: Who are the individuals responsible for implementing specific tasks and providing deliverables related to risk management?
– Does your company have defined information technology risk performance metrics that are monitored and reported to management on a regular basis?
– Which factors posed a challenge to, or contributed to the success of, your companys ITRM initiatives in the past 12 months?
– By what percentage do you estimate your companys financial investment in ITRM activities will change in the next 12 months?
– What information is generated by, consumed by, processed on, stored in, and retrieved by the system?
– How does your company report on its information and technology risk assessment?
– Does the IT Risk Management framework align to a three lines of defense model?
– How will investment in ITRM be distributed in the next 12 months?
– How important is the system to the user organizations mission?
– How does someone outside of IT know it was the right choice?
– Where specifically is the information processed and stored?
– To what extent are you involved in ITRM at your company?
– How much system downtime can the organization tolerate?
– Does the board have a manual and operating procedures?
– Technology risk -is the project technically feasible?
– When is the right time for process improvement?
– How much should a company invest in security?
– How do you justify a new firewall?
– How do you demonstrate due care?
Computer security Critical Criteria:
Track Computer security quality and document what potential Computer security megatrends could make our business model obsolete.
– Does your company provide end-user training to all employees on Cybersecurity, either as part of general staff training or specifically on the topic of computer security and company policy?
– Will the selection of a particular product limit the future choices of other computer security or operational modifications and improvements?
– How do senior leaders actions reflect a commitment to the organizations IT Risk Management values?
– Do several people in different organizational units assist with the IT Risk Management process?
– When a IT Risk Management manager recognizes a problem, what options are available?
Risk register Critical Criteria:
Focus on Risk register goals and know what your objective is.
– What are your results for key measures or indicators of the accomplishment of your IT Risk Management strategy and action plans, including building and strengthening core competencies?
– Are the risk register and Risk Management processes actually effective in managing project risk?
– Have all basic functions of IT Risk Management been defined?
Security risk Critical Criteria:
Judge Security risk decisions and devote time assessing Security risk and its risk.
– What kind of guidance do you follow to ensure that your procurement language is both specific and comprehensive enough to result in acquiring secure components and systems?
– Does our Cybersecurity plan include recognition of critical facilities and/or cyber assets that are dependent upon IT or automated processing?
– Is your organization doing any form of outreach or education on Cybersecurity Risk Management (including the framework)?
– Will we be inclusive enough yet not disruptive to ongoing business, for effective Cybersecurity practices?
– Can our company identify any other mandatory Cybersecurity standards that apply to its systems?
– How much should we invest in Cybersecurity (and how should those funds be allocated) ?
– How do we define and assess risk generally and Cybersecurity risk specifically?
– Is the information shared consistent with the response plan?
– How do you determine the effectiveness of your strategies?
– What scope do you want your strategy to cover?
– Have we had a PCI compliance assessment done?
– How much to invest in Cybersecurity?
Physical security Critical Criteria:
Investigate Physical security management and change contexts.
– Are information security policies, including policies for access control, application and system development, operational, network and physical security, formally documented?
– Are there multiple physical security controls (such as badges, escorts, or mantraps) in place that would prevent unauthorized individuals from gaining access to the facility?
– Consider your own IT Risk Management project. what types of organizational problems do you think might be causing or affecting your problem, based on the work done so far?
– Does your Cybersecurity plan contain both cyber and physical security components, or does your physical security plan identify critical cyber assets?
– Has Cybersecurity been identified in the physical security plans for the assets, reflecting planning for a blended cyber/physical attack?
– Secured Offices, Rooms and Facilities: Are physical security for offices, rooms and facilities designed and applied?
– Is the security product consistent with physical security and other policy requirements?
– How do we go about Securing IT Risk Management?
– How much does IT Risk Management help?
Zero-day attack Critical Criteria:
See the value of Zero-day attack issues and create a map for yourself.
– Do you monitor the effectiveness of your IT Risk Management activities?
– Does our organization need more IT Risk Management education?
– What about IT Risk Management Analysis of results?
Computer insecurity Critical Criteria:
Cut a stake in Computer insecurity engagements and get going.
– Can we add value to the current IT Risk Management decision-making process (largely qualitative) by incorporating uncertainty modeling (more quantitative)?
– Are there any disadvantages to implementing IT Risk Management? There might be some that are less obvious?
ISO/IEC 13335 Critical Criteria:
Consolidate ISO/IEC 13335 tasks and spearhead techniques for implementing ISO/IEC 13335.
– For your IT Risk Management project, identify and describe the business environment. is there more than one layer to the business environment?
– What potential environmental factors impact the IT Risk Management effort?
– What are the business goals IT Risk Management is aiming to achieve?
Information Security Forum Critical Criteria:
Air ideas re Information Security Forum results and oversee implementation of Information Security Forum.
– What is the source of the strategies for IT Risk Management strengthening and reform?
– Is IT Risk Management Realistic, or are you setting yourself up for failure?
ISO/IEC 27001 Critical Criteria:
Shape ISO/IEC 27001 leadership and diversify disclosure of information – dealing with confidential ISO/IEC 27001 information.
– In the case of a IT Risk Management project, the criteria for the audit derive from implementation objectives. an audit of a IT Risk Management project involves assessing whether the recommendations outlined for implementation have been met. in other words, can we track that any IT Risk Management project is implemented as planned, and is it working?
– What are our needs in relation to IT Risk Management skills, labor, equipment, and markets?
Standard of Good Practice Critical Criteria:
Cut a stake in Standard of Good Practice planning and change contexts.
– How likely is the current IT Risk Management plan to come in on schedule or on budget?
Chief information security officer Critical Criteria:
Think carefully about Chief information security officer quality and integrate design thinking in Chief information security officer innovation.
– What are the key elements of your IT Risk Management performance improvement system, including your evaluation, organizational learning, and innovation processes?
– Does your organization have a chief information security officer (CISO or equivalent title)?
Chief information officer Critical Criteria:
Experiment with Chief information officer visions and diversify by understanding risks and leveraging Chief information officer.
– What will be the consequences to the business (financial, reputation etc) if IT Risk Management does not go ahead or fails to deliver the objectives?
– Why is it important to have senior management support for a IT Risk Management project?
Homeland Security Department Critical Criteria:
Review Homeland Security Department leadership and use obstacles to break out of ruts.
– To what extent does management recognize IT Risk Management as a tool to increase the results?
– Is the scope of IT Risk Management defined?
Data in transit Critical Criteria:
Survey Data in transit decisions and look for lots of ideas.
– Will new equipment/products be required to facilitate IT Risk Management delivery for example is new software needed?
– Does the IT Risk Management task fit the clients priorities?
– What are internal and external IT Risk Management relations?
Risk scenario Critical Criteria:
Distinguish Risk scenario governance and document what potential Risk scenario megatrends could make our business model obsolete.
– What are your current levels and trends in key measures or indicators of IT Risk Management product and process performance that are important to and directly serve your customers? how do these results compare with the performance of your competitors and other organizations with similar offerings?
– What are the disruptive IT Risk Management technologies that enable our organization to radically change our business processes?
– What new services of functionality will be implemented next with IT Risk Management ?
National Information Assurance Training and Education Center Critical Criteria:
Bootstrap National Information Assurance Training and Education Center decisions and revise understanding of National Information Assurance Training and Education Center architectures.
– What are the short and long-term IT Risk Management goals?
– Do we have past IT Risk Management Successes?
Qualitative research Critical Criteria:
Prioritize Qualitative research failures and probe the present value of growth of Qualitative research.
– How can you measure IT Risk Management in a systematic way?
– What are current IT Risk Management Paradigms?
Security controls Critical Criteria:
Conceptualize Security controls leadership and gather practices for scaling Security controls.
– Does the cloud service agreement make its responsibilities clear and require specific security controls to be applied to the application?
– Are regular reviews of the effectiveness of the ISMS (including meeting of ISMS policy and objectives and review of security controls) undertaken?
– Do the security controls encompass not only the cloud services themselves, but also the management interfaces offered to customers?
– Can the cloud service provider demonstrate appropriate security controls applied to their physical infrastructure and facilities?
– What tools do you use once you have decided on a IT Risk Management strategy and more importantly how do you choose?
– Do we have policies and methodologies in place to ensure the appropriate security controls for each application?
– Is the measuring of the effectiveness of the selected security controls or group of controls defined?
– Does the cloud service provider have necessary security controls on their human resources?
– Do we have sufficient processes in place to enforce security controls and standards?
– Have vendors documented and independently verified their Cybersecurity controls?
– Do we have sufficient processes in place to enforce security controls and standards?
– What will drive IT Risk Management change?
– What are the known security controls?
Risk assessment Critical Criteria:
Examine Risk assessment failures and acquire concise Risk assessment education.
– Have the it security cost for the any investment/project been integrated in to the overall cost including (c&a/re-accreditation, system security plan, risk assessment, privacy impact assessment, configuration/patch management, security control testing and evaluation, and contingency planning/testing)?
– Do we have a a cyber Risk Management tool for all levels of an organization in assessing risk and show how Cybersecurity factors into risk assessments?
– Are interdependent service providers (for example, fuel suppliers, telecommunications providers, meter data processors) included in risk assessments?
– Does the risk assessment approach helps to develop the criteria for accepting risks and identify the acceptable level risk?
– Are standards for risk assessment methodology established, so risk information can be compared across entities?
– What core IT system are you using? Does it have an ERM or risk assessment module; and if so, have you used it?
– With Risk Assessments do we measure if Is there an impact to technical performance and to what level?
– Does the process include a BIA, risk assessments, Risk Management, and risk monitoring and testing?
– How frequently, if at all, do we conduct a business impact analysis (bia) and risk assessment (ra)?
– Who performs your companys information and technology risk assessments?
– How often are information and technology risk assessments performed?
– Are regular risk assessments executed across all entities?
– Do you use any homegrown IT system for ERM or risk assessments?
– Who performs your companys IT risk assessments?
– Do you use any homegrown IT system for risk assessments?
– What triggers a risk assessment?
Regulatory compliance Critical Criteria:
Deliberate over Regulatory compliance failures and give examples utilizing a core of simple Regulatory compliance skills.
– Does IT Risk Management include applications and information with regulatory compliance significance (or other contractual conditions that must be formally complied with) in a new or unique manner for which no approved security requirements, templates or design models exist?
– In the case of public clouds, will the hosting service provider meet their regulatory compliance requirements?
– Regulatory compliance: Is the cloud vendor willing to undergo external audits and/or security certifications?
– How do we Lead with IT Risk Management in Mind?
– What is Regulatory Compliance ?
Information security Critical Criteria:
Grasp Information security issues and integrate design thinking in Information security innovation.
– Does the ISMS policy provide a framework for setting objectives and establishes an overall sense of direction and principles for action with regard to information security?
– Do suitable policies for the information security exist for all critical assets of the value added chain (indication of completeness of policies, Ico )?
– Do we have an official information security architecture, based on our Risk Management analysis and information security strategy?
– Do suitable policies for the information security exist for all critical assets of the value added chain (degree of completeness)?
– Have standards for information security across all entities been established or codified into law?
– Ensure that the information security procedures support the business requirements?
– What best describes the authorization process in information security?
– What is true about the trusted computing base in information security?
– Is an organizational information security policy established?
– : Return of Information Security Investment, Are you spending enough?
– Are damage assessment and disaster recovery plans in place?
– Conform to the identified information security requirements?
– Is information security managed within the organization?
Information technology Critical Criteria:
Transcribe Information technology issues and assess and formulate effective operational and Information technology strategies.
– Do the response plans address damage assessment, site restoration, payroll, Human Resources, information technology, and administrative support?
– If a survey was done with asking organizations; Is there a line between your information technology department and your information security department?
– How does new information technology come to be applied and diffused among firms?
– Does IT Risk Management analysis isolate the fundamental causes of problems?
– The difference between data/information and information technology (it)?
– When do you ask for help from Information Technology (IT)?
– Is Supporting IT Risk Management documentation required?
– What threat is IT Risk Management addressing?
IT Risk Management Critical Criteria:
Illustrate IT Risk Management visions and mentor IT Risk Management customer orientation.
– What impact has emerging technology (e.g., cloud computing, virtualization and mobile computing) had on your companys ITRM program over the past 12 months?
– Do you standardize ITRM processes and clearly defined roles and responsibilities to improve efficiency, quality and reporting?
– To what extent is your companys approach to ITRM aligned with the ERM strategies and frameworks?
– What is the effect on the organizations mission if the system or information is not reliable?
– Is there disagreement or conflict about a decision/choice or course of action to be taken?
– People risk -Are people with appropriate skills available to help complete the project?
– What best describes your establishment of a common process, risk and control library?
– To what extent are you involved in IT Risk Management at your company?
– What is the sensitivity (or classification) level of the information?
– Do you actively monitor regulatory changes for the impact of ITRM?
– For which IT activities has your company defined KRIs or KPIs?
– Does your company have a formal ITRM function?
Risk factor Critical Criteria:
Map Risk factor strategies and plan concise Risk factor education.
– Think about the people you identified for your IT Risk Management project and the project responsibilities you would assign to them. what kind of training do you think they would need to perform these responsibilities effectively?
– How do we ensure that implementations of IT Risk Management products are done in a way that ensures safety?
– Risk factors: what are the characteristics of IT Risk Management that make it risky?
– How can you mitigate the risk factors?
– Are there IT Risk Management problems defined?
Full disclosure Critical Criteria:
Accommodate Full disclosure planning and finalize the present value of growth of Full disclosure.
– Who will be responsible for deciding whether IT Risk Management goes ahead or not after the initial investigations?
Quantitative research Critical Criteria:
Demonstrate Quantitative research goals and explain and analyze the challenges of Quantitative research.
– How can you negotiate IT Risk Management successfully with a stubborn boss, an irate client, or a deceitful coworker?
Business continuity Critical Criteria:
Test Business continuity leadership and suggest using storytelling to create more compelling Business continuity projects.
– Has specific responsibility been assigned for the execution of business continuity and disaster recovery plans (either within or outside of the information security function)?
– Has the organization established an enterprise-wide business continuity/disaster recovery program that is consistent with requirements, policy, and applicable guidelines?
– Do you have a written business continuity/disaster recovery plan that includes procedures to be followed in the event of a disruptive computer incident?
– Do our business continuity andor disaster recovery plan (bcp/drp) address the timely recovery of our it functions in the event of a disaster?
– What programs/projects/departments/groups have some or all responsibility for business continuity/Risk Management/organizational resilience?
– What are the success criteria that will indicate that IT Risk Management objectives have been met and the benefits delivered?
– Which data center management activity involves eliminating single points of failure to ensure business continuity?
– How will management prepare employees for a disaster, reduce the overall risks, and shorten the recovery window?
– What is the role of digital document management in business continuity planning management?
– Does increasing our companys footprint add to the challenge of business continuity?
– How does our business continuity plan differ from a disaster recovery plan?
– Is the crisis management team comprised of members from Human Resources?
– Has business continuity thinking and planning become too formulaic?
– Is there a business continuity/disaster recovery plan in place?
– What is business continuity planning and why is it important?
– Do you have a tested IT disaster recovery plan?
– What do we really want from Service Management?
Vulnerability assessment Critical Criteria:
Revitalize Vulnerability assessment goals and tour deciding if Vulnerability assessment progress is made.
– Does your organization perform vulnerability assessment activities as part of the acquisition cycle for products in each of the following areas: Cybersecurity, SCADA, smart grid, internet connectivity, and website hosting?
– At what point will vulnerability assessments be performed once IT Risk Management is put into production (e.g., ongoing Risk Management after implementation)?
– At what point will vulnerability assessments be performed once the system is put into production (e.g., ongoing risk management after implementation)?
– Has your organization conducted a cyber risk or vulnerability assessment of its information systems, control systems, and other networked systems?
– What other jobs or tasks affect the performance of the steps in the IT Risk Management process?
– Do you have an internal or external company performing your vulnerability assessment?
– What sources do you use to gather information for a IT Risk Management study?
Decision theory Critical Criteria:
Accumulate Decision theory governance and find the ideas you already have.
– Have the types of risks that may impact IT Risk Management been identified and analyzed?
– Do IT Risk Management rules make a reasonable demand on a users capabilities?
– Are there recognized IT Risk Management problems?
Human resources Critical Criteria:
Closely inspect Human resources quality and look for lots of ideas.
– How do we engage divisions, operating units, operations, internal audit, risk management, compliance, finance, technology, and human resources in adopting the updated framework?
– Are Human Resources subject to screening, and do they have terms and conditions of employment defining their information security responsibilities?
– Under what circumstances might the company disclose personal data to third parties and what steps does the company take to safeguard that data?
– Are there cases when the company may collect, use and disclose personal data without consent or accommodation?
– Is there a role for employees to play in maintaining the accuracy of personal data the company maintains?
– Should pay levels and differences reflect what workers are used to in their own countries?
– To satisfy customers and stakeholders, which internal business process must we excel in?
– What are the responsibilities of the company official responsible for compliance?
– How do financial reports support the various aspects of accountability?
– What problems have you encountered with the department or staff member?
– What decisions can you envision making with this type of information?
– How should any risks to privacy and civil liberties be managed?
– How can we more efficiently on-board and off-board employees?
– Ease of contacting the Human Resources staff members?
– How does the global environment influence management?
– Does all hr data receive the same level of security?
– In what areas do you feel we can improve?
– What is personal data?
– What is harassment?
ISO/IEC 15408 Critical Criteria:
Investigate ISO/IEC 15408 decisions and diversify by understanding risks and leveraging ISO/IEC 15408.
Professional association Critical Criteria:
Participate in Professional association quality and find out what it really means.
Information technology security audit Critical Criteria:
Detail Information technology security audit engagements and report on the economics of relationships managing Information technology security audit and constraints.
– Who is the main stakeholder, with ultimate responsibility for driving IT Risk Management forward?
– How do we keep improving IT Risk Management?
Risk appetite Critical Criteria:
Start Risk appetite results and look at the big picture.
– How do we revise the risk appetite statement so that we can link it to risk culture, roll it out effectively to the business units and bring it to life for them. How do we make it meaningful in connecting it with what they do day-to-day?
– Is there a clearly defined IT risk appetite that has been successfully implemented?
– Who are the people involved in developing and implementing IT Risk Management?
– Risk appetite: at what point does the risk become unacceptable?
Environmental security Critical Criteria:
Grade Environmental security goals and track iterative Environmental security results.
– Where do ideas that reach policy makers and planners as proposals for IT Risk Management strengthening and reform actually originate?
– How is the value delivered by IT Risk Management being measured?
ISO/IEC 27000-series Critical Criteria:
Do a round table on ISO/IEC 27000-series outcomes and oversee ISO/IEC 27000-series management by competencies.
– What are the top 3 things at the forefront of our IT Risk Management agendas for the next 3 years?
TIK IT Risk Framework Critical Criteria:
Categorize TIK IT Risk Framework outcomes and overcome TIK IT Risk Framework skills and management ineffectiveness.
– Among the IT Risk Management product and service cost to be estimated, which is considered hardest to estimate?
– Which IT Risk Management goals are the most important?
ISO/IEC 17799 Critical Criteria:
Transcribe ISO/IEC 17799 leadership and separate what are the business goals ISO/IEC 17799 is aiming to achieve.
– Why are IT Risk Management skills important?
– Are there IT Risk Management Models?
National Security Critical Criteria:
Focus on National Security results and point out National Security tensions in leadership.
Annualized Loss Expectancy Critical Criteria:
Nurse Annualized Loss Expectancy projects and mentor Annualized Loss Expectancy customer orientation.
– Is maximizing IT Risk Management protection the same as minimizing IT Risk Management loss?
Systems Development Life Cycle Critical Criteria:
Canvass Systems Development Life Cycle planning and integrate design thinking in Systems Development Life Cycle innovation.
– Why is the systems development life cycle considered an iterative process?
– What are the five steps in the systems development life cycle (sdlc)?
– Why is IT Risk Management important for you now?
Best practice Critical Criteria:
Distinguish Best practice leadership and finalize specific methods for Best practice acceptance.
– Is the software and application development process based on an industry best practice and is information security included throughout the software development life cycle (sdlc) process?
– What standards, guidelines, best practices, and tools are organizations using to understand, measure, and manage risk at the management, operational, and technical levels?
– What are the best practices for software quality assurance when using agile development methodologies?
– Is the use of CCM destined to become an important and requisite audit methodology best practice?
– Does your organization have a company-wide policy regarding best practices for cyber?
– Are CSI and organizational change underpinned by Kotters change management best practices?
– What best practices in knowledge management for Service management do we use?
– Which is really software best practice to us, CMM or agile development?
– What best practices are relevant to your service management initiative?
– What are the best practices for implementing an internal site search?
– How does big data impact Data Quality and governance best practices?
– Are there any best practices or standards for the use of Big Data solutions?
– What are the best practices for Risk Management in Social Media?
– What are best practices for building something like a News Feed?
– Do we adhere to best practices interface design?
– How can we improve IT Risk Management?
– Which rules constitute best practices?
Certified Information Systems Auditor Critical Criteria:
Deliberate over Certified Information Systems Auditor failures and frame using storytelling to create more compelling Certified Information Systems Auditor projects.
– Do we aggressively reward and promote the people who have the biggest impact on creating excellent IT Risk Management services/products?
IT Baseline Protection Catalogs Critical Criteria:
Illustrate IT Baseline Protection Catalogs visions and give examples utilizing a core of simple IT Baseline Protection Catalogs skills.
Access control Critical Criteria:
Reason over Access control quality and figure out ways to motivate other Access control users.
– Question to cloud provider: Does your platform offer fine-grained access control so that my users can have different roles that do not create conflicts or violate compliance guidelines?
– Can the access control product protect individual devices (e.g., floppy disks, compact disks–read-only memory CD-ROM, serial and parallel interfaces, and system clipboard)?
– If our security management product supports access control based on defined rules, what is the granularity of the rules supported: access control per user, group, or role?
– Does the provider utilize Network Access Control based enforcement for continuous monitoring of its virtual machine population and virtual machine sprawl prevention?
– Access control: Are there appropriate controls over access to PII when stored in the cloud so that only individuals with a need to know will be able to access it?
– If data need to be secured through access controls (e.g. password-protected network space), how will they be applied?
– Is the process actually generating measurable improvement in the state of logical access control?
– Access control: Are there appropriate access controls over PII when it is in the cloud?
– Access Control To Program Source Code: Is access to program source code restricted?
– What is the direction of flow for which access control is required?
– Do the provider services offer fine grained access control?
– What access control exists to protect the data?
– What is our role based access control?
– Who determines access controls?
ISO/IEC 21287 Critical Criteria:
Experiment with ISO/IEC 21287 failures and research ways can we become the ISO/IEC 21287 company that would put us out of business.
– What are our best practices for minimizing IT Risk Management project risk, while demonstrating incremental value and quick wins throughout the IT Risk Management project lifecycle?
– What role does communication play in the success or failure of a IT Risk Management project?
IT risk Critical Criteria:
Examine IT risk engagements and oversee implementation of IT risk.
– Think about the kind of project structure that would be appropriate for your IT Risk Management project. should it be formal and complex, or can it be less formal and relatively simple?
– Old product plus new technology leads to new regulatory concerns which could be added burden, how to do you deal with that?
– Does your company have a formal information and technology risk framework and assessment process in place?
– Has a high risk situation been ongoing for more than one working day without resolution?
– Does your company have a formal IT risk framework and assessment process in place?
– How can our organization build its capabilities for IT Risk Management?
– Which risks are managed or monitored in the scope of the ITRM function?
– Is there a common risk language (taxonomy) that is used?
– What is the mission of the user organization?
– What is the Risk Management Process?
– What could go wrong?
Risk management Critical Criteria:
Transcribe Risk management engagements and suggest using storytelling to create more compelling Risk management projects.
– Is it understood that the risk management effectiveness critically depends on data collection, analysis and dissemination of relevant data?
– Does the committee responsible for risk have direct communication with the finance function and with staff who have time to ask what if?
– Is remote maintenance of organizational assets approved, logged, and performed in a manner that prevents unauthorized access?
– Budget and Schedule: What are the estimated costs and schedules for performing risk-related activities?
– Risk identification: what are the possible risk events our organization faces?
– To whom does the ITRM function or oversight role report?
– Is buy-side and sell-side Risk Management converging?
– Do you use contingency-driven consequence analysis?
– Are regular risk assessments executed across all entities?
– Do we need more contingency?
– Do we have a back-up source?
Assurance services Critical Criteria:
Steer Assurance services leadership and modify and define the unique characteristics of interactive Assurance services projects.
– Meeting the challenge: are missed IT Risk Management opportunities costing us money?
Health Insurance Portability and Accountability Act Critical Criteria:
Accelerate Health Insurance Portability and Accountability Act quality and intervene in Health Insurance Portability and Accountability Act processes and leadership.
– In what ways are IT Risk Management vendors and us interacting to ensure safe and effective use?
Common Vulnerabilities and Exposures Critical Criteria:
X-ray Common Vulnerabilities and Exposures adoptions and finalize specific methods for Common Vulnerabilities and Exposures acceptance.
– Does IT Risk Management analysis show the relationships among important IT Risk Management factors?
Security service Critical Criteria:
Add value to Security service outcomes and assess what counts with Security service that we are not counting.
– If a back door exit was used to circumvent an attack, do the attackers now know of such a back door, and thus should a new back door be constructed?
– Are special privileges restricted to systems administration personnel with an approved need to have these privileges?
– In the next 12 months will you accept, store, process, or exchange credit/debit card transaction information?
– Do you utilize retained private information in any other way than originally intended or disclosed?
– Do you allow sensitive data to be loaded on to devices that may be removed from the premises?
– Do you have written guidelines for your use of social media and its use by your employees?
– Do you have legal review of your content performed by staff or outside attorney?
– Do you train employees on the proper handling of private information?
– Are network and system backups performed at least once per week?
– Do you have any data sharing agreements with any 3rd parties?
– What issues/factors affect it security service decisions?
– Are there any industry based standards that you follow?
– Do you require sub-contractors to carry E&O insurance?
– Have you had a security audit performed in the past?
– What is the average contract value and duration?
– What is the funding source for this project?
– What is the IT security service life cycle?
– Security Considerations -What?
– Who Will Benefit?
The Open Group Critical Criteria:
Experiment with The Open Group failures and revise understanding of The Open Group architectures.
– What may be the consequences for the performance of an organization if all stakeholders are not consulted regarding IT Risk Management?
– What are the usability implications of IT Risk Management actions?
This quick readiness checklist is a selected resource to help you move forward. Learn more about how to achieve comprehensive insights with the IT Risk Management Automation Self Assessment:
Author: Gerard Blokdijk
CEO at The Art of Service | http://theartofservice.com
Gerard is the CEO at The Art of Service. He has been providing information technology insights, talks, tools and products to organizations in a wide range of industries for over 25 years. Gerard is a widely recognized and respected information expert. Gerard founded The Art of Service consulting business in 2000. Gerard has authored numerous published books to date.
To address the criteria in this checklist, these selected resources are provided for sources of further research and information:
IT Risk Management External links:
Home | IT Risk Management
IT Risk Management and Compliance Solutions | Telos
Contact Us | IT Risk Management Solutions | TraceSecurity
Computer security External links:
Naked Security – Computer Security News, Advice and …
Kids and Computer Security | Consumer Information
GateKeeper – Computer Security Lock | Security for Laptops
Risk register External links:
[XLS]Risk Register Template – June 2016 (Excel)
[XLS]Risk Register – Project management
[PDF]PRINCE2™ – Risk Register – Stakeholdermap.com
Security risk External links:
Aronson Security Group (ASG) – Security Risk …
Physical security External links:
Army COOL Summary – ASI H3 – Physical Security Operations
Physical Security and Business Continuity – ABA
Access Control and Physical Security
Zero-day attack External links:
SandBlast Zero-Day Attack Protection | Check Point …
What is a zero-day attack? | Office of CyberSecurity
Computer insecurity External links:
Computer insecurity. — Experts@Minnesota
Computer insecurity – ScienceDaily
ERIC – Computer Insecurity., Chronicle of Higher …
ISO/IEC 13335 External links:
IS/ISO/IEC 13335-1: Information Technology – Internet Archive
Information Security Forum External links:
Information Security Forum Congress : Congress Home
Information Security Forum – Official Site
ISO/IEC 27001 External links:
ISO/IEC 27001 Information Security | BSI America
BSI Training – ISO/IEC 27001 Lead Implementer
http://ISO/IEC 27001:2013 is an information security standard that was published on the 25th September 2013. It supersedes ISO/IEC 27001:2005, and is published by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) under the joint ISO and IEC subcommittee, ISO/IEC JTC 1/SC 27.
Standard of Good Practice External links:
[PDF]Getting the best from the isf standard of good practice
http://www.jerakano.com/docs/247 ISF SOGP Brochure for web.pdf
Chief information security officer External links:
[PDF]CHIEF INFORMATION SECURITY OFFICER – Rhode …
http://www.hr.ri.gov/documents/jobs/CHIEF INFORMATION SECURITY OFFICER.PDF
Chief information officer External links:
Chief Information Officer – CIO Job Description
Home | Office of the Chief Information Officer
Title Chief Information Officer Jobs, Employment | Indeed.com
Homeland Security Department External links:
Federal Register :: Agencies – Homeland Security Department
MONTGOMERY COUNTY, MD – HOMELAND SECURITY DEPARTMENT
Data in transit External links:
Physical Security for Data in Transit – TCDI
Risk scenario External links:
RISK SCENARIO PLANNING | Conferences | AgRisk Library
Risk Scenario Generator | Moody’s Analytics
[PDF]High Risk Scenario – National Weather Service
Qualitative research External links:
e-Focus Groups – Qualitative Research
In-context insights via remote qualitative research | dscout
Security controls External links:
[PDF]Demilitarization and Trade Security Controls
Risk assessment External links:
Hazard Identification and Risk Assessment | FEMA.gov
Ground Risk Assessment Tool – United States Army …
Risk Assessment Information | Mass.gov
Regulatory compliance External links:
Regulatory Compliance testing and certification
What is regulatory compliance? – Definition from WhatIs.com
Latin America | Type Approval | Regulatory Compliance
Information security External links:
Title & Settlement Information Security
Federal Information Security Management Act of 2002 – NIST
Managed Security Services | Information Security Solutions
Information technology External links:
OHIO: Office of Information Technology |About Email
Rebelmail | UNLV Office of Information Technology (OIT)
Box @ IU | University Information Technology Services
IT Risk Management External links:
IT Risk Management Framework | GTA – Enterprise …
Magic Quadrant for IT Risk Management Solutions
Global Information Security and IT Risk Management Firm
Risk factor External links:
Risk Factor Assessment Branch (RFAB)
Behavioral Risk Factor Surveillance System (BRFSS) – TN.Gov
Full disclosure External links:
Full Disclosure – Forbes
Business continuity External links:
Fusion Risk Management – Business Continuity Software
Login – Business Continuity Office
Vulnerability assessment External links:
Delve Labs – Smart Vulnerability Assessment for the …
External Network Vulnerability Assessment | FRSecure
Decision theory External links:
Title: Toward Idealized Decision Theory – arXiv
Decision theory (Book, 2006) [WorldCat.org]
Human resources External links:
Home | Human Resources
Phila.gov | Human Resources | Jobs
Department of Human Resources Home – TN.Gov
ISO/IEC 15408 External links:
[PDF]EESTI STANDARD EVS-ISO/IEC 15408-1:2011
1. Common Criteria (ISO/IEC 15408) Certification
Professional association External links:
Directory – Professional Association Of Wisconsin …
Professional Association of Diving Instructors | PADI
Risk appetite External links:
[PDF]RISK APPETITE AND TOLERANCE – NYBA | New York …
What is risk appetite? – Definition from WhatIs.com
Risk Appetite – BrightTALK
Environmental security External links:
7 Physical and Environmental Security – USPS
7-4 Environmental Security – about.usps.com
Environmental security examines threats posed by environmental events and trends to individuals, communities or nations. It may focus on the impact of human conflict and international relations on the environment, or on how environmental problems cross state borders.
ISO/IEC 27000-series External links:
http://The ISO/IEC 27000-series (also known as the ‘ISMS Family of Standards’ or ‘ISO27k’ for short) comprises information security standards published jointly by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC).
TIK IT Risk Framework External links:
TIK IT Risk Framework Topics – revolvy.com
https://www.revolvy.com/topic/TIK IT Risk Framework&stype=topics
National Security External links:
Premier Security Guard Services | Champion National Security
Home – SAP NS2 | National Security Services
National Security Agency for Intelligence Careers
Annualized Loss Expectancy External links:
Annualized Loss Expectancy (ALE) – Risky Thinking
The annualized loss expectancy is the product of the annual rate of occurrence (ARO) and the single loss expectancy. ALE = ARO * SLE. For an annual rate of occurrence of one, the annualized loss expectancy is 1 * $25,000, or $25,000.
Systems Development Life Cycle External links:
Systems Development Life Cycle – SSB
The Systems Development Life Cycle, assignment help
SYSTEMS DEVELOPMENT LIFE CYCLE – PCC
Best practice External links:
ALTA – Best Practices
Best Practices – Independence Title
[PDF]ALTA BEST PRACTICE POLICIES Our Pledge – Title …
http://www.titlecorockies.com/PDF/Best Practices Pledge 2014m .pdf
IT Baseline Protection Catalogs External links:
IT Baseline Protection Catalogs – WOW.com
Access control External links:
Mobile Access Control | Inventory Management | Telaeris, …
Mercury Security Access Control Hardware & Solutions
Linear Pro Access – Professional Access Control Systems
IT risk External links:
IT Risk Management and Compliance Solutions | Telos
Contact Us | IT Risk Management Solutions | TraceSecurity
Copper Squared | Resilience & IT Risk | Austin, TX
Risk management External links:
irmi.com – Risk Management | Insurance Education
20 Best Title:(risk Management Manager) jobs (Hiring …
http://Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.
Assurance services External links:
Audit and Assurance Services – TJS Deemer Dana
TITLE ASSURANCE SERVICES, LLC – bizapedia.com
Health Insurance Portability and Accountability Act External links:
Health Insurance Portability and Accountability Act …
Health Insurance Portability and Accountability Act …
[PDF]Health Insurance Portability and Accountability Act
Common Vulnerabilities and Exposures External links:
Common Vulnerabilities and Exposures – Official Site
Security service External links:
Contact Us: Questions, Complaints | Security Service
myBranch Online Banking Log In | Security Service
Coastal Security Services Inc – United States
The Open Group External links:
Passleader 2017 The Open Group OG0-093 Dumps | OG0 …
The Open Group Shop | Home page
Customer Service :: The Open Group – Pearson VUE