Risk-Based Security

Challenge

Most organizations focus on technologies rather than process-based solutions and all too often IT Security owns risk instead of transferring responsibility to the appropriate business owners. Instead, IT Security attempts to mitigate risk without involving business owners and the result is ineffective response to an enterprise-wide risk related event. IT tools automate effective risk management processes, but these tools are as good as their frameworks, processes and data gathering. IT Security is mostly used by the business as a tactical resource for data gathering rather than a strategic partner not being involved in IT governance programs including policy and risk assessment creation driven from the business. Organizations that take a narrow, siloed approach to security risk management need to develop practices that are effective to building a risk-based approach to security. Security Risk managers should develop enterprise risk policies with an organizational workflow that eliminates conflicts and overlaps in responsibilities between all risk-related business and IT colleagues.
 

Solution

RiskVision allows organizations to take a top down and bottom up approach to managing security risk by creating an enterprise risk framework ensuring that staff members at all levels clearly understand their risk-related responsibilities. RiskVision empowers organizations to take a proactive approach to security risk monitoring, managing, remediation and response by providing a forum where the owner of risk is explicitly accountable for managing that risk. By involving the entire organization in assessing the effects of risk events on performance, the organization gains a better understanding and commitment to security risk management. RiskVision includes a comprehensive workflow that routes a security, risk or compliance incident to the business or asset owner resulting in timely and accurate response. RiskVision helps automate unique IT and business processes based on organizational policies creating a level playing field for measuring, monitoring, and responding to organizational risk by allocating risk to the correct business, asset or process owner. Collaboration through process driven ongoing risk assessments are managed by a group of stakeholders, or individual asset or process owners to continually regulate risk.
 

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