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Risk It
Risk IT, published in 2009 by ISACA,ISACA THE RISK IT FRAMEWORK (registration required) provides an end-to-end, comprehensive view of all s related to the use of (IT) and a similarly thorough treatment of risk management, from the tone and culture at the top to operational issues. It is the result of a work group composed of industry experts and academics from different nations, from organizations such as |
ISACA
ISACA is an international professional association focused on IT (information technology) governance. On its IRS filings, it is known as the Information Systems Audit and Control Association, although ISACA now goes by its acronym only. ISACA currently offers 8 certification program as well as other micro-certificates. History ISACA originated in United States in 1967, when a group of individuals working on auditing controls in computer systems started to become increasingly critical of the operations of their organizations. They identified a need for a centralized source of information and guidance in the field. In 1969, Stuart Tyrnauer, an employee of the (later)[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Key Risk Indicator
A key risk indicator (KRI) is a measure used in management to indicate how risky an activity is. Key risk indicators are metrics used by organizations to provide an early signal of increasing risk exposures in various areas of the enterprise. It differs from a key performance indicator (KPI) in that the latter is meant as a measure of how well something is being done while the former is an indicator of the possibility of future adverse impact. KRI give an early warning to identify potential events that may harm continuity of the activity/project. KRIs are a mainstay of operational risk analysis. Definitions According to OECD :''A risk indicator is an indicator that estimates the potential for some form of resource degradation using mathematical formulas or models.'' Risk management Security risk management According to Risk IT framework by ISACA, key risk indicators are metrics capable of showing that the organization is subject or has a high probability of being subject ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IT Risk Management
IT risk management is the application of risk management methods to information technology in order to manage IT risk, i.e.: :''The business risk associated with the use, ownership, operation, involvement, influence and adoption of IT within an enterprise or organization'' IT risk management can be considered a component of a wider enterprise risk management system. The establishment, maintenance and continuous update of an information security management system (ISMS) provide a strong indication that a company is using a systematic approach for the identification, assessment and management of information security risks. Different methodologies have been proposed to manage IT risks, each of them divided into processes and steps. According to the Risk IT framework, this encompasses not only the negative impact of operations and service delivery which can bring destruction or reduction of the value of the organization, but also the benefit enabling risk associated to missing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ISO/IEC 27005
ISO/IEC 27005 "Information technology — Security techniques — Information security risk management" is an international standard published by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) providing good practice guidance on managing risks to information. It is a core part of the ISO/IEC 27000-series of standards, commonly known as ISO27k. The standard offers advice on systematically identifying, assessing, evaluating and treating information security risks - processes at the very heart of an ISO27k Information Security Management System (ISMS). It aims to ensure that organizations design, implement, manage, monitor and maintain their information security controls and other arrangements rationally, according to their information security risks. The current third edition of ISO/IEC 27005 was published in 2018. A fourth edition is being drafted and is due to be published at the end of 2022. Overview ISO/IEC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Val IT
Val IT is a governance framework that can be used to create business value from IT investments. It consists of a set of guiding principles and a number of processes and best practices that are further defined as a set of key management practices to support and help executive management and boards at an enterprise level. The latest release of the framework, published by IT Governance Institute (ITGI), based on the experience of global practitioners and academics, practices and methodologies was named ''Enterprise Value: Governance of IT Investments, The Val IT Framework 2.0''. It covers processes and key management practices for three specific domains and goes beyond new investments to include IT services, assets, other resources and principles and processes for IT portfolio management. Overview Val IT allows business managers to get business value from IT investments, by providing a governance framework that consists of * a set of guiding principles, and * a number of processes co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COBIT
COBIT (Control Objectives for Information and Related Technologies) is a framework created by ISACA for information technology (IT) management and IT governance. The framework is business focused and defines a set of generic processes for the management of IT, with each process defined together with process inputs and outputs, key process-activities, process objectives, performance measures and an elementary maturity model. Framework and components Business and IT goals are linked and measured to create responsibilities of business and IT teams. Five processes are identified: Evaluate, Direct and Monitor (EDM); Align, Plan and Organize (APO); Build, Acquire and Implement (BAI); Deliver, Service and Support (DSS); and Monitor, Evaluate and Assess (MEA).COBIT 2019 Framework: Introduction and Methodology from ISACA The COBIT framework ties in with COSO, ITIL, BiSL, ISO 27000, CMMI, TOGAF and PMBOK. The framework helps companies follow law, be more agile and earn more. Below ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Key Risk Indicator
A key risk indicator (KRI) is a measure used in management to indicate how risky an activity is. Key risk indicators are metrics used by organizations to provide an early signal of increasing risk exposures in various areas of the enterprise. It differs from a key performance indicator (KPI) in that the latter is meant as a measure of how well something is being done while the former is an indicator of the possibility of future adverse impact. KRI give an early warning to identify potential events that may harm continuity of the activity/project. KRIs are a mainstay of operational risk analysis. Definitions According to OECD :''A risk indicator is an indicator that estimates the potential for some form of resource degradation using mathematical formulas or models.'' Risk management Security risk management According to Risk IT framework by ISACA, key risk indicators are metrics capable of showing that the organization is subject or has a high probability of being subject ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Risk Factor (computing)
In Information security, information security, risk factor is a collective name for circumstances affecting the likelihood or impact of a security risk. Definitions FAIR Factor Analysis of Information Risk (FAIR) is devoted to the analysis of different factors influencing IT risk. It decompose at various levels, starting from the first level Loss Event Frequency and Probable Loss Magnitude, going on examining the asset (computing), asset, the threat (computer), threat agent capability compared to the vulnerability (computing) and the security control (also called countermeasure (computer), countermeasure) strength, the probability that the agent get in contact and actually act against the asset, the organization capability to react to the event and the impact on stakeholders. ISACA Risk factors are those factors that influence the frequency and/or business impact of risk scenarios; they can be of different natures, and can be classified in two major categories: * Environm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Balanced Scorecard
A balanced scorecard is a strategy performance management tool – a well structured report, that can be used by managers to keep track of the execution of activities by the staff within their control and to monitor the consequences arising from these actions. The phrase 'balanced scorecard' primarily refers to a performance management report used by a management team, and typically this team is focused on managing the implementation of a strategy or operational activities – in a 2020 survey 88% of respondents reported using Balanced Scorecard for strategy implementation management, 63% for operational management. Balanced Scorecard is also used by individuals to track personal performance, but this is uncommon – only 17% of respondents in the survey using Balanced Scorecard in this way, however it is clear from the same survey that a larger proportion (about 30%) use corporate Balanced Scorecard elements to inform personal goal setting and incentive calculations. The critic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goal
A goal is an idea of the future or desired result that a person or a group of people envision, plan and commit to achieve. People endeavour to reach goals within a finite time by setting deadlines. A goal is roughly similar to a purpose or aim, the anticipated result which guides reaction, or an end, which is an object, either a physical object or an abstract object, that has intrinsic value. Goal setting Goal-setting theory was formulated based on empirical research and has been called one of the most important theories in organizational psychology. Edwin A. Locke and Gary P. Latham, the fathers of goal-setting theory, provided a comprehensive review of the core findings of the theory in 2002. In summary, Locke and Latham found that specific, difficult goals lead to higher performance than either easy goals or instructions to "do your best", as long as feedback about progress is provided, the person is committed to the goal, and the person has the ability and knowledge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
