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.
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Below you will find a quick checklist designed to help you think about which IT Risk Management related domains to cover and 322 essential critical questions to check off in that domain.
The following domains are covered:
IT Risk Management, Information security management system, Enterprise risk management, Information technology security audit, ISO/IEC 27000-series, Annualized Loss Expectancy, Factor Analysis of Information Risk, Full disclosure, Physical security, Health Insurance Portability and Accountability Act, Computer security, Common Vulnerabilities and Exposures, ISO/IEC 13335, Security controls, ISO/IEC 27001, Decision theory, Best practice, Chief information security officer, Vulnerability management, IT risk, Risk IT, Security risk, Computer insecurity, ISO/IEC 21287, ISO/IEC 27005, IT Baseline Protection Catalogs, Laptop theft, Chief information officer, Environmental security, Information Security Forum, ISO/IEC 15408, Risk register, Business process, Certified Information Systems Auditor, Incident management, Information security management, Real options valuation, Professional association, National Security, Human resources, Standard of Good Practice, Homeland Security Department, CIA triad, Risk scenario, Security service, Risk factor, Information risk management, National Information Assurance Training and Education Center, Risk analysis, ISO/IEC 17799, Business continuity plan, Single loss expectancy, Business continuity, IT Risk Management, Regulatory compliance:
IT Risk Management Critical Criteria:
Air ideas re IT Risk Management tactics and optimize IT Risk Management leadership as a key to advancement.
– 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?
– Do you have enough focus on ITRM documentation to help formalize processes to increase communications and integration with ORM?
– Do you standardize ITRM processes and clearly defined roles and responsibilities to improve efficiency, quality and reporting?
– Who will be responsible for deciding whether IT Risk Management goes ahead or not after the initial investigations?
– How will your companys investment ITRM be distributed across their initiatives in the next 12 months?
– To what extent is your companys approach to ITRM aligned with the ERM strategies and frameworks?
– In your opinion, how effective is your company at conducting the risk management activities?
– Does Senior Management take action to address IT risk indicators identified and reported?
– Do you have an IT risk program framework aligned to IT strategy and enterprise risk?
– Is there a clearly defined IT risk appetite that has been successfully implemented?
– Does your company have a formal IT risk framework and assessment process in place?
– How secure -well protected against potential risks is the information system ?
– Do you have a defined operating model with dedicated resources for IT risk?
– Do you have a common risk and control framework used across the company?
– Do you actively monitor regulatory changes for the impact of ITRM?
– Methodology: How will risk management be performed on projects?
– Does the board have a manual and operating procedures?
– How do you demonstrate due care?
– Risk mitigation: how far?
– What could go wrong?
Information security management system Critical Criteria:
Brainstorm over Information security management system risks and inform on and uncover unspoken needs and breakthrough Information security management system results.
– Can we add value to the current IT Risk Management decision-making process (largely qualitative) by incorporating uncertainty modeling (more quantitative)?
– How do we ensure that implementations of IT Risk Management products are done in a way that ensures safety?
– Have all basic functions of IT Risk Management been defined?
Enterprise risk management Critical Criteria:
Grasp Enterprise risk management adoptions and grade techniques for implementing Enterprise risk management controls.
– Has management conducted a comprehensive evaluation of the entirety of enterprise Risk Management at least once every three years or sooner if a major strategy or management change occurs, a program is added or deleted, changes in economic or political conditions exist, or changes in operations or methods of processing information have occurred?
– Does the information infrastructure convert raw data into more meaningful, relevant information to create knowledgeable and wise decisions that assists personnel in carrying out their enterprise Risk Management and other responsibilities?
– Has management considered from external parties (e.g., customers, vendors and others doing business with the entity, external auditors, and regulators) important information on the functioning of an entitys enterprise Risk Management?
– Are findings of enterprise Risk Management deficiencies reported to the individual responsible for the function or activity involved, as well as to at least one level of management above that person?
– Do regular face-to-face meetings occur with risk champions or other employees from a range of functions and entity units with responsibility for aspects of enterprise Risk Management?
– Is a technical solution for data loss prevention -i.e., systems designed to automatically monitor for data leakage -considered essential to enterprise risk management?
– Has management taken appropriate corrective actions related to reports from external sources for their implications for enterprise Risk Management?
– Has management taken an occasional fresh look at focusing directly on enterprise Risk Management effectiveness?
– To what extent is Cybersecurity risk incorporated into organizations overarching enterprise risk management?
– To what extent is Cybersecurity risk incorporated into organizations overarching enterprise Risk Management?
– To what extent is Cybersecurity Risk Management integrated into enterprise risk management?
– Do policy and procedure manuals address managements enterprise Risk Management philosophy?
– How do we know that any IT Risk Management analysis is complete and comprehensive?
– How is the enterprise Risk Management model used to assess and respond to risk?
– When you need advice about enterprise Risk Management, whom do you call?
– Is Supporting IT Risk Management documentation required?
– What are the long-term IT Risk Management goals?
– What is our enterprise Risk Management strategy?
Information technology security audit Critical Criteria:
Have a session on Information technology security audit tactics and gather Information technology security audit models .
– What are your key performance measures or indicators and in-process measures for the control and improvement of your IT Risk Management processes?
– Are there IT Risk Management problems defined?
ISO/IEC 27000-series Critical Criteria:
Grade ISO/IEC 27000-series tactics and report on the economics of relationships managing ISO/IEC 27000-series and constraints.
– 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 potential environmental factors impact the IT Risk Management effort?
– How can you measure IT Risk Management in a systematic way?
Annualized Loss Expectancy Critical Criteria:
Wrangle Annualized Loss Expectancy visions and point out improvements in Annualized Loss Expectancy.
– How do you determine the key elements that affect IT Risk Management workforce satisfaction? how are these elements determined for different workforce groups and segments?
– Are we Assessing IT Risk Management and Risk?
Factor Analysis of Information Risk Critical Criteria:
Dissect Factor Analysis of Information Risk planning and diversify by understanding risks and leveraging Factor Analysis of Information Risk.
– Does IT Risk Management create potential expectations in other areas that need to be recognized and considered?
– Have you identified your IT Risk Management key performance indicators?
– How do we manage IT Risk Management Knowledge Management (KM)?
Full disclosure Critical Criteria:
Administer Full disclosure tasks and question.
– What vendors make products that address the IT Risk Management needs?
– Why is IT Risk Management important for you now?
– Is a IT Risk Management Team Work effort in place?
Physical security Critical Criteria:
Look at Physical security leadership and change contexts.
– Do we cover the five essential competencies-Communication, Collaboration,Innovation, Adaptability, and Leadership that improve an organizations ability to leverage the new IT Risk Management in a volatile global economy?
– 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?
– Are information security policies, including policies for access control, application and system development, operational, network and physical security, formally documented?
– 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 will you know that the IT Risk Management project has been successful?
Health Insurance Portability and Accountability Act Critical Criteria:
Air ideas re Health Insurance Portability and Accountability Act tasks and create a map for yourself.
– Which individuals, teams or departments will be involved in IT Risk Management?
– What are our IT Risk Management Processes?
– What is Effective IT Risk Management?
Computer security Critical Criteria:
Chat re Computer security outcomes and customize techniques for implementing Computer security controls.
– 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?
– What knowledge, skills and characteristics mark a good IT Risk Management project manager?
– How does the organization define, manage, and improve its IT Risk Management processes?
Common Vulnerabilities and Exposures Critical Criteria:
Depict Common Vulnerabilities and Exposures management and interpret which customers can’t participate in Common Vulnerabilities and Exposures because they lack skills.
– Do several people in different organizational units assist with the IT Risk Management process?
– What is our formula for success in IT Risk Management ?
ISO/IEC 13335 Critical Criteria:
Prioritize ISO/IEC 13335 results and innovate what needs to be done with ISO/IEC 13335.
– How do mission and objectives affect the IT Risk Management processes of our organization?
– Can we do IT Risk Management without complex (expensive) analysis?
Security controls Critical Criteria:
Accumulate Security controls decisions and shift your focus.
– 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?
– 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 are the known security controls?
ISO/IEC 27001 Critical Criteria:
Distinguish ISO/IEC 27001 tasks and find the essential reading for ISO/IEC 27001 researchers.
– What management system can we use to leverage the IT Risk Management experience, ideas, and concerns of the people closest to the work to be done?
– What new services of functionality will be implemented next with IT Risk Management ?
– Are there IT Risk Management Models?
Decision theory Critical Criteria:
Detail Decision theory quality and figure out ways to motivate other Decision theory users.
– How do senior leaders actions reflect a commitment to the organizations IT Risk Management values?
Best practice Critical Criteria:
Learn from Best practice tactics and ask questions.
– Achieving service management excellence is an on-going process. Just as an organization can never have enough sales, so they can never stop paying attention to service assurance. With service management and assurance having such a critical role for CSPs, how can they both achieve optimal service assurance delivery and implement supporting processes to ensure that best practice continues to be observed?
– Record-keeping requirements flow from the records needed as inputs, outputs, controls and for transformation of a IT Risk Management process. ask yourself: are the records needed as inputs to the IT Risk Management process available?
– What ITIL best practices, security and data protection standards and guidelines are in use by the cloud service provider?
– What are the best practices for software quality assurance when using agile development methodologies?
– Aare there recommended best practices to help us decide whether they should move to the cloud?
– Are we proactively using the most effective means, the best practices and maximizing our opportunities?
– Does your organization have a company-wide policy regarding best practices for cyber?
– 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 are the best practices for implementing an internal site search?
– How does big data impact Data Quality and governance best practices?
– Which is really software best practice, CMM or agile development?
– Are Organizational Change managements best practices (eg Kotter) applied?
– What best practices are relevant to your itsm initiative?
– Do we adhere to best practices interface design?
– What best practices are relevant to your ITSM initiative?
Chief information security officer Critical Criteria:
Track Chief information security officer strategies and achieve a single Chief information security officer view and bringing data together.
– Does your organization have a chief information security officer (CISO or equivalent title)?
– Which IT Risk Management goals are the most important?
– Why are IT Risk Management skills important?
Vulnerability management Critical Criteria:
Think about Vulnerability management results and grade techniques for implementing Vulnerability management controls.
– What type and amount of resources does the system develop inherently and what does it attract from the close and distant environment to employ them consequently in the resilience process?
– How and how much do Resilience functions performed by a particular system impact own and others vulnerabilities?
– How and how much Resilience functions performed by a particular system impact own and others vulnerabilities?
– What is the security gap between private cloud cloud computing versus client server computing architectures?
– Does the organization or systems requiring remediation face numerous and/or significant threats?
– What are the different layers or stages in the development of security for our cloud usage?
– Risk of Compromise What is the likelihood that a compromise will occur?
– Think of your IT Risk Management project. what are the main functions?
– what is the difference between cyber security and information security?
– Consequences of Compromise What are the consequences of compromise?
– What is the nature and character of our Resilience functions?
– What is the likelihood that a compromise will occur?
– Who sets the IT Risk Management standards?
– What are the consequences of compromise?
– How do we compare outside our industry?
– Who is accountable and by when?
– How do we compare to our peers?
– How are we trending over time?
– What is my real risk?
IT risk Critical Criteria:
Have a session on IT risk goals and differentiate in coordinating IT risk.
– Structure/process risk -What is the degree of change the new project will introduce into user areas and business procedures?
– Which factors posed a challenge to, or contributed to the success of, your companys ITRM initiatives in the past 12 months?
– Has a risk situation which has been ongoing over time, with several risk events, escalated to a situation of higher risk?
– Does your company have a formal information and technology risk framework and assessment process in place?
– Risk Documentation: What reporting formats and processes will be used for risk management activities?
– How does the enterprise deal with negative outcomes, i.e., loss events or missed opportunities?
– What is the effect on the organizations mission if the system or information is not reliable?
– People risk -Are people with appropriate skills available to help complete the project?
– Who performs your companys information and technology risk assessments?
– How important is the information to the user organizations mission?
– Is there a common risk language (taxonomy) that is used?
– To whom does the ITRM function or oversight role report?
– Does your company have a formal ITRM function?
– How much should a company invest in security?
Risk IT Critical Criteria:
Judge Risk IT adoptions and find the ideas you already have.
– Risk Probability and Impact: How will the probabilities and impacts of risk items be assessed?
– Why is it important to have senior management support for a IT Risk Management project?
– Do you monitor the effectiveness of your IT Risk Management activities?
– How do we go about Securing IT Risk Management?
Security risk Critical Criteria:
Debate over Security risk issues and change contexts.
– Describe your organizations policies and procedures governing risk generally and Cybersecurity risk specifically. How does senior management communicate and oversee these policies and procedures?
– Does your Cybersecurity plan include alternative methods for meeting critical functional responsibilities in the absence of IT or communication technology?
– Does the company have equipment dependent on remote upgrades to firmware or software, or have plans to implement such systems?
– Do we have a formal escalation process to address Cybersecurity risks that suddenly increase in severity?
– Is there a person at your organization who coordinates responding to threats and recovering from them?
– How can you tell if the actions you plan to take will contain the impact of a potential cyber threat?
– How much should we invest in Cybersecurity (and how should those funds be allocated) ?
– How do organizations define and assess risk generally and Cybersecurity risk specifically?
– Where do organizations locate their Cybersecurity Risk Management programoffice?
– Do we evaluate security risks associated with proposed software?
– Do you use contingency-driven consequence analysis?
– How often are personnel trained in this procedure?
Computer insecurity Critical Criteria:
Examine Computer insecurity outcomes and suggest using storytelling to create more compelling Computer insecurity projects.
– Does IT Risk Management analysis isolate the fundamental causes of problems?
– What are the Essentials of Internal IT Risk Management Management?
– What are internal and external IT Risk Management relations?
ISO/IEC 21287 Critical Criteria:
Coach on ISO/IEC 21287 quality and define ISO/IEC 21287 competency-based leadership.
– Why should we adopt a IT Risk Management framework?
ISO/IEC 27005 Critical Criteria:
Own ISO/IEC 27005 failures and oversee ISO/IEC 27005 requirements.
– What are the success criteria that will indicate that IT Risk Management objectives have been met and the benefits delivered?
IT Baseline Protection Catalogs Critical Criteria:
Consolidate IT Baseline Protection Catalogs projects and look at the big picture.
– Is there any existing IT Risk Management governance structure?
Laptop theft Critical Criteria:
Jump start Laptop theft quality and drive action.
– 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?
Chief information officer Critical Criteria:
Read up on Chief information officer decisions and finalize specific methods for Chief information officer acceptance.
– 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 will be the consequences to the business (financial, reputation etc) if IT Risk Management does not go ahead or fails to deliver the objectives?
– How can we incorporate support to ensure safe and effective use of IT Risk Management into the services that we provide?
Environmental security Critical Criteria:
Dissect Environmental security engagements and look in other fields.
– How do we Identify specific IT Risk Management investment and emerging trends?
Information Security Forum Critical Criteria:
Meet over Information Security Forum visions and secure Information Security Forum creativity.
– To what extent does management recognize IT Risk Management as a tool to increase the results?
– Risk factors: what are the characteristics of IT Risk Management that make it risky?
ISO/IEC 15408 Critical Criteria:
Inquire about ISO/IEC 15408 decisions and finalize the present value of growth of ISO/IEC 15408.
– Is IT Risk Management Required?
Risk register Critical Criteria:
Exchange ideas about Risk register issues and achieve a single Risk register view and bringing data together.
– Are the risk register and Risk Management processes actually effective in managing project risk?
– How will we insure seamless interoperability of IT Risk Management moving forward?
– How can we improve IT Risk Management?
Business process Critical Criteria:
Accommodate Business process management and plan concise Business process education.
– Do we identify maximum allowable downtime for critical business functions, acceptable levels of data loss and backlogged transactions, RTOs, RPOs, recovery of the critical path (i.e., business processes or systems that should receive the highest priority), and the costs associated with downtime? Are the approved thresholds appropriate?
– What is the importance of knowing the key performance indicators KPIs for a business process when trying to implement a business intelligence system?
– Has business process Cybersecurity has been included in continuity of operations plans for areas such as customer data, billing, etc.?
– Are interruptions to business activities counteracted and critical business processes protected from the effects of major failures or disasters?
– When conducting a business process reengineering study, what should we look for when trying to identify business processes to change?
– What are the disruptive IT Risk Management technologies that enable our organization to radically change our business processes?
– Do you design data protection and privacy requirements into the development of your business processes and new systems?
– What finance, procurement and Human Resources business processes should be included in the scope of a erp solution?
– Do we have detailed information on the business process for refunds and charge backs if they are required?
– If we process purchase orders; what is the desired business process around supporting purchase orders?
– To satisfy customers and stakeholders, which internal business process must we excel in?
– If we accept checks what is the desired business process around supporting checks?
– What are the relationships with other business processes and are these necessary?
– How do you inventory and assess business processes as part of an ERP evaluation?
– What would Eligible entity be asked to do to facilitate your normal business process?
– What business process supports the entry and validation of the data?
– How do we improve business processes and how do we deliver on that?
– How does the solution handle core business processes?
– Are there recognized IT Risk Management problems?
Certified Information Systems Auditor Critical Criteria:
Merge Certified Information Systems Auditor tasks and be persistent.
– What is the total cost related to deploying IT Risk Management, including any consulting or professional services?
– Is maximizing IT Risk Management protection the same as minimizing IT Risk Management loss?
Incident management Critical Criteria:
Graph Incident management results and develop and take control of the Incident management initiative.
– 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?
– Which processes other than incident management are involved in achieving a structural solution ?
– Does our organization need more IT Risk Management education?
– In which cases can CMDB be usefull in incident management?
– What is a primary goal of incident management?
Information security management Critical Criteria:
Rank Information security management failures and assess and formulate effective operational and Information security management strategies.
– Has the organization established an Identity and Access Management program that is consistent with requirements, policy, and applicable guidelines and which identifies users and network devices?
– Has the organization established an enterprise-wide business continuity/disaster recovery program that is consistent with requirements, policy, and applicable guidelines?
– At what point will vulnerability assessments be performed once IT Risk Management is put into production (e.g., ongoing Risk Management after implementation)?
– Is there a business continuity/disaster recovery plan in place?
– Are damage assessment and disaster recovery plans in place?
– What are specific IT Risk Management Rules to follow?
Real options valuation Critical Criteria:
Track Real options valuation leadership and budget for Real options valuation challenges.
– What other organizational variables, such as reward systems or communication systems, affect the performance of this IT Risk Management process?
– Do those selected for the IT Risk Management team have a good general understanding of what IT Risk Management is all about?
– What are the record-keeping requirements of IT Risk Management activities?
Professional association Critical Criteria:
Illustrate Professional association management and intervene in Professional association processes and leadership.
– What will drive IT Risk Management change?
National Security Critical Criteria:
Graph National Security outcomes and define what do we need to start doing with National Security.
– Among the IT Risk Management product and service cost to be estimated, which is considered hardest to estimate?
Human resources Critical Criteria:
Communicate about Human resources leadership and create a map for yourself.
– 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?
– what is to keep those with access to some of an individuals personal data from browsing through other parts of it for other reasons?
– Do we identify desired outcomes and key indicators (if not already existing) such as what metrics?
– What are the procedures for filing an internal complaint about the handling of personal data?
– Available personnel – what are the available Human Resources within the organization?
– How is Staffs willingness to help or refer questions to the proper level?
– How is The staffs ability and response to handle questions or requests?
– How do financial reports support the various aspects of accountability?
– What is the important thing that human resources management should do?
– How does the company provide notice of its information practices?
– How can we more efficiently on-board and off-board employees?
– What internal dispute resolution mechanisms are available?
– Do you understand the parameters set by the algorithm?
– What does the pyramid of information look like?
– What are the data sources and data mix?
– What is harassment?
Standard of Good Practice Critical Criteria:
Guide Standard of Good Practice risks and test out new things.
– How can you negotiate IT Risk Management successfully with a stubborn boss, an irate client, or a deceitful coworker?
– Who needs to know about IT Risk Management ?
Homeland Security Department Critical Criteria:
Confer over Homeland Security Department strategies and acquire concise Homeland Security Department education.
– How would one define IT Risk Management leadership?
– How do we Lead with IT Risk Management in Mind?
CIA triad Critical Criteria:
Study CIA triad quality and develop and take control of the CIA triad initiative.
– What role does communication play in the success or failure of a IT Risk Management project?
– What about IT Risk Management Analysis of results?
Risk scenario Critical Criteria:
Gauge Risk scenario management and probe using an integrated framework to make sure Risk scenario is getting what it needs.
– What is our IT Risk Management Strategy?
Security service Critical Criteria:
Conceptualize Security service goals and know what your objective is.
– Follow-up: Follow-up should include regular status reporting, describing new controls and lessons learned to improve future performance. The most important element of the follow-up stage is performing a postmortem analysis of the response procedure itself. Exactly what happened and at what times?
– Do you have written clearance procedures in place regarding use, licensing, and consent agreements for third party content used by you in your products or services and on your website or in your promotional materials?
– 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?
– If Data and/or Private Information is not in electronic form, what precautions are taken to ensure its security?
– Are procedures in place to escalate any incidents of a breach or possible breach of private information?
– Do you sell or share the personal subscriber/customer information with other unaffiliated 3rd parties?
– If you provide a technology service, do you test products for malicious code or other security flaws?
– Why Learn About Security, Privacy, and Ethical Issues in Information Systems and the Internet?
– Do you allow sensitive data to be loaded on to devices that may be removed from the premises?
– Do you monitor log files on a regular basis to help spot abnormal trends?
– Do you have a process for monitoring, approving and removing content?
– Are there redundant connections to you critical business partners?
– Who has a role in the IT security service life cycle?
– Where do I send suggestions for waiver amendments?
– Do you have a dedicated security officer/manager?
– Is there a patch management process in place?
– What is the estimated value of the project?
– Who has authority to customize contracts?
– What to Outsource?
Risk factor Critical Criteria:
Define Risk factor decisions and devote time assessing Risk factor and its risk.
– How likely is the current IT Risk Management plan to come in on schedule or on budget?
– What are your most important goals for the strategic IT Risk Management objectives?
– How can you mitigate the risk factors?
Information risk management Critical Criteria:
Examine Information risk management planning and finalize specific methods for Information risk management acceptance.
– What tools do you use once you have decided on a IT Risk Management strategy and more importantly how do you choose?
– What are the short and long-term IT Risk Management goals?
National Information Assurance Training and Education Center Critical Criteria:
Extrapolate National Information Assurance Training and Education Center strategies and spearhead techniques for implementing National Information Assurance Training and Education Center.
– 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?
Risk analysis Critical Criteria:
Interpolate Risk analysis decisions and transcribe Risk analysis as tomorrows backbone for success.
– How do risk analysis and Risk Management inform your organizations decisionmaking processes for long-range system planning, major project description and cost estimation, priority programming, and project development?
– What levels of assurance are needed and how can the risk analysis benefit setting standards and policy functions?
– In which two Service Management processes would you be most likely to use a risk analysis and management method?
– How do we make it meaningful in connecting IT Risk Management with what users do day-to-day?
– Do the IT Risk Management decisions we make today help people and the planet tomorrow?
– How does the business impact analysis use data from Risk Management and risk analysis?
– How do we do risk analysis of rare, cascading, catastrophic events?
– With risk analysis do we answer the question how big is the risk?
ISO/IEC 17799 Critical Criteria:
Wrangle ISO/IEC 17799 planning and balance specific methods for improving ISO/IEC 17799 results.
– Does the IT Risk Management task fit the clients priorities?
Business continuity plan Critical Criteria:
Exchange ideas about Business continuity plan leadership and observe effective Business continuity plan.
– What is the role of digital document management in business continuity planning management?
– How does our business continuity plan differ from a disaster recovery plan?
– How do we Improve IT Risk Management service perception, and satisfaction?
– What is business continuity planning and why is it important?
– Do you have any DR/business continuity plans in place?
Single loss expectancy Critical Criteria:
Disseminate Single loss expectancy failures and report on the economics of relationships managing Single loss expectancy and constraints.
– Who will provide the final approval of IT Risk Management deliverables?
Business continuity Critical Criteria:
Reorganize Business continuity results and explore and align the progress in Business continuity.
– 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?
– Who will be responsible for leading the various bcp teams (e.g., crisis/emergency, recovery, technology, communications, facilities, Human Resources, business units and processes, Customer Service)?
– We should have adequate and well-tested disaster recovery and business resumption plans for all major systems and have remote facilities to limit the effect of disruptive events. Do we comply?
– Do you have a written business continuity/disaster recovery plan that includes procedures to be followed in the event of a disruptive computer incident?
– Does our business continuity and/or disaster recovery plan (bcp/drp) address the timely recovery of its it functions in the event of a disaster?
– Do the response plans address damage assessment, site restoration, payroll, Human Resources, information technology, and administrative support?
– 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?
– Will IT Risk Management have an impact on current business continuity, disaster recovery processes and/or infrastructure?
– Which data center management activity involves eliminating single points of failure to ensure business continuity?
– Does increasing our companys footprint add to the challenge of business continuity?
– Is the crisis management team comprised of members from Human Resources?
– Has business continuity been considered for this eventuality?
– What do we really want from Service Management?
– Do you have a tested IT disaster recovery plan?
IT Risk Management Critical Criteria:
Reason over IT Risk Management governance and look at it backwards.
– Does your company have defined information technology risk performance metrics that are monitored and reported to management on a regular basis?
– Do you adapt ITRM processes to align with business strategies and new business changes?
– What best describes your establishment of a common process, risk and control library?
– Could a system or security malfunction or unavailability result in injury or death?
– How can organizations advance from good IT Risk Management practice to great?
– How good is the enterprise at performing the IT processes defined in CobiT?
– Which risks are managed or monitored in the scope of the ITRM function?
– To whom does the IT Risk Management function or oversight role report?
– Financial risk -can the organization afford to undertake the project?
– How important is the system to the user organizations mission?
– Does the board explore options before arriving at a decision?
– How does someone outside of IT know it was the right choice?
– To what extent are you involved in ITRM at your company?
– Who performs your companys IT risk assessments?
– Risk Decisions: Whose Call Is It?
Regulatory compliance Critical Criteria:
Audit Regulatory compliance leadership and look at it backwards.
– 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?
– What is Regulatory Compliance ?
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:
IT Risk Management Reporting & Connectors | …
IT Risk Management and Compliance Solutions | Telos
Magic Quadrant for IT Risk Management Solutions – Gartner
Enterprise risk management External links:
Enterprise Risk Management (ERM) Exam | SOA
[PDF]Guide to Enterprise Risk Management – Office of The …
Riskonnect: Integrated Enterprise Risk Management …
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).
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.
Factor Analysis of Information Risk External links:
FAIR means Factor Analysis of Information Risk – All …
ITSecurity Office: FAIR (Factor Analysis of Information Risk)
Full disclosure External links:
Full Disclosure | National Review
45 After Dark: Not So Full Disclosure edition – POLITICO
Physical security External links:
ADC LTD NM Leader In Personnel & Physical Security
Army COOL Summary – ASI H3 – Physical Security Operations
Qognify: Big Data Solutions for Physical Security & …
Health Insurance Portability and Accountability Act External links:
Health Insurance Portability and Accountability Act …
[PDF]Health Insurance Portability and Accountability Act
Health Insurance Portability and Accountability Act …
Computer security External links:
Best Computer Security | Security Software Companies| Softex
Report a Computer Security Vulnerability – TechNet …
Avast Store | All Computer Security Products & Services
Common Vulnerabilities and Exposures External links:
CVE – Common Vulnerabilities and Exposures (CVE)
Common Vulnerabilities and Exposures – Official Site
ISO/IEC 13335 External links:
IS/ISO/IEC 13335-1: Information Technology – Internet Archive
BS ISO/IEC 13335-1:2004 – Information technology. …
Security controls External links:
Picture This: A visual guide to security controls – CertMag
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.
Decision theory External links:
Decision Theory – Investopedia
Decision Theory Flashcards | Quizlet
Best practice External links:
Best Practices — Attorneys Title I North Carolina
ALTA – Best Practices
Best Practices – Independence Title
Chief information security officer External links:
[PDF]CHIEF INFORMATION SECURITY OFFICER – Rhode …
http://www.hr.ri.gov/documents/jobs/CHIEF INFORMATION SECURITY OFFICER.PDF
Vulnerability management External links:
Vulnerability Management & Risk Intelligence | Kenna Security
Top Rated Vulnerability Management Software | Rapid7
Vulnerability Management Programs: Getting Started | …
IT risk External links:
Magic Quadrant for IT Risk Management Solutions – Gartner
How to Develop an IT Risk‐Management Policy: 12 Steps
Security risk External links:
Security Risk (1954) – IMDb
Security Risk (eBook, 2011) [WorldCat.org]
Computer insecurity External links:
Computer insecurity | Article about Computer insecurity …
ERIC – Computer Insecurity., Chronicle of Higher …
Computer insecurity – ScienceDaily
ISO/IEC 27005 External links:
Army COOL Snapshot – ISO/IEC 27005 Risk Manager
ISO/IEC 27005 risk management standard – ISO 27001 …
Laptop theft External links:
RMHCS September 28, 2017- Laptop Theft
Chief information officer External links:
CHIEF INFORMATION OFFICER – Charles R. Drew …
Title Chief Information Officer Jobs, Employment | Indeed.com
Chief Information Officer – CIO Job Description
Environmental security External links:
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.
7 Physical and Environmental Security – USPS
Information Security Forum External links:
Information Security Forum – Official Site
ISO/IEC 15408 External links:
1. Common Criteria (ISO/IEC 15408) Certification
[PDF]EESTI STANDARD EVS-ISO/IEC 15408-1:2011
bc Reference number ISO/IEC 15408-1:1999(E) INTERNATIONAL STANDARD ISO/IEC 15408-1 Information technology — Security techniques — Evaluation criteria for IT
http://1. Common Criteria (ISO/IEC 15408) Certification
Risk register External links:
[XLS]Risk Register – Project management
[XLS]Risk Register Template – June 2016 (Excel)
[PDF]How To Create a Risk Register – cbinet.com
Business process External links:
Business Process Manager Job Description and Salary
[PDF]Business Process Guide Position Management : …
What is business process? – Definition from WhatIs.com
Certified Information Systems Auditor External links:
Certified Information Systems Auditor (CISA) | Knowledge
Incident management External links:
[PDF]Incident Management (IM) Working Group – FEMA.gov
Enterprise Incident Management
National Incident Management System (NIMS) – FEMA
Information security management External links:
Federal Information Security Management Act – NIST
Information Security Management – Corralling Mobile …
[PDF]TITLE: INFORMATION SECURITY MANAGEMENT …
Real options valuation External links:
Real Options Valuation – Download
Downloads – Real Options Valuation
Professional association External links:
Directory – Professional Association Of Wisconsin …
Professional Association of Diving Instructors | PADI
NCACPA | Professional Association
National Security External links:
National Security Articles – Breitbart
Y-12 National Security Complex – Official Site
InsideDefense.com | Exclusive national security news …
Human resources External links:
Human Resources | Maricopa Community Colleges
Home | Human Resources
myDHR | Maryland Department of Human Resources
Standard of Good Practice External links:
Chapter 136-25 WAC: STANDARD OF GOOD PRACTICE…
Homeland Security Department External links:
Federal Register :: Agencies – Homeland Security Department
MONTGOMERY COUNTY, MD – HOMELAND SECURITY DEPARTMENT
CIA triad External links:
CIA Triad – Central Oregon Community College
CIA Triad of Cybersecurity – InfoSec Resources
CIA TRIAD – 13050 – The Cisco Learning Network
Risk scenario External links:
Risk Scenario Generator | Moody’s Analytics
Tainted Goods – Risk Scenario : Risk & Insurance
Risk Scenario | Researchomatic
Security service External links:
myBranch Online Banking Log In | Security Service
Contact Us | Security Service
Risk factor External links:
[PDF]PHYSICAL ACTIVITY RISK FACTOR …
Information risk management External links:
Information Risk Management – CEB
netlogx – Information Risk Management Services
Information risk management (eBook, 2012) [WorldCat.org]
Risk analysis External links:
Risk analysis – Start Protecting Your Brand
http://Ad · financial-risk-solutions.thomsonreuters.info/Risk
Full Monte Project Risk Analysis from Barbecana
SEC.gov | About the Division of Economic and Risk Analysis
Business continuity plan External links:
Business Continuity Plan | NW Capital Management
Business Continuity Plan | Northwest Title & Escrow
[PDF]Business Continuity Plan
Single loss expectancy External links:
Single Loss Expectancy – Risky Thinking
05 Single Loss Expectancy – YouTube
Business continuity External links:
[PDF]Job Description Job Title: Business Continuity …
IT Risk Management External links:
IT Risk Management and Compliance Solutions | Telos
IT Risk Management Reporting & Connectors | …
Magic Quadrant for IT Risk Management Solutions – Gartner
Regulatory compliance External links:
Regulatory Compliance Association Reviews – …
Brandywine Drumlabels – GHS Regulatory Compliance …
Regulatory Compliance Consulting for Money Managers