We’re about to talk about risk, but let’s put it in context for a moment. Do you get your news online? Or from a good old-fashioned newspaper? Maybe you read both. The hard copy to get the weather and the broad view—but the online version if you want to know what’s happening now. Sometimes you don’t need to know the latest. In business, you often do.
Security-related risk is one of the key elements of an organization’s operational risk. So for a security Compliance leader, up-to-date knowledge of their company’s risk posture is essential. Of course, knowing the risks is not enough; unless they are also addressed properly, the company won’t be in a healthy state for long. So let’s get into the meat of this discussion. In brief, a Compliance leader should know:
And in all this, how does a Compliance automation solution help? (Spoiler: It really does.)
Building a risk register
Time is tight, information is scant. Risk identification is essential, but where do you start?
Create a baseline. One possibility: have a lot of conversations with stakeholders throughout your company, and at each level, you’ll find out where the relevant risks are clustered. The trouble with all this talk: It involves a lot of people and time.
Better: You can get a solid, faster assessment of your security needs by looking to your Compliance requirements, because most security practices align to requirements for Compliance. So look to risk identification methodologies, such as Secure Controls Framework’s™ (SCF) Security & Privacy Risk Management Model ( compliance automation register valuable business
