Effective Risk Management Framework for a Secure Organization
Enterprises today are almost entirely reliant on information technology infrastructures to accomplish their goals
and objectives and carry out their business strategies and day-to-day operations. In order to effectively compete
in this fast-paced, highly complex, global economy, organizations are employing new, more powerful information
technologies at an unprecedented rate and in most instances, either ignoring or not fully understanding the
increased exposure of risks in such a scenario.
There is nothing more hindering to an organization’s growth than gratuitous risk. While an organization needs to
protect its business infrastructure, confidential data and their critical assets from being compromised, how it
manages its significant risk areas is important to its overall success. The risk to an organization can not only upset
the expansion plans and profit but also result in loss of man hours and productivity.
Businesses need to understand that risk management is an important part of planning. To be able to manage the
risks it is important to ascertain the risk scenario and assess the risk faced by the business, only then can the same
be ‘treated’ or ‘mitigated’ to acceptable levels.
Managing the risk to enterprise missions associated with the operation of information systems begins with the
development of an effective information security program. The selection and specification of security controls for
an information system is accomplished as part of an organization-wide application security program that involves
the management of risk.
The management of risk is a key element in the organization’s information security program and provides an
effective framework for selecting the appropriate security controls for an information system—the security
controls necessary to protect individuals and the operations and assets of the organization. The Risk Management
Framework provides a structured, yet flexible approach for managing the portion of risk resulting from the
incorporation of information systems into the mission and business processes of the organization.
The risk-based approach to security control selection and specification considers effectiveness, efficiency, and
constraints due to applicable laws, directives, policies, standards, or regulations. Partner with a service provider
who can assist you to develop a comprehensive risk assessment & treatment framework that supports all
information, processes, information technology assets, vendors, etc. With a holistic and modular approach your
organization can design, transform and sustain risk management.
Effective implementation of information risk management frameworks within the organization, along with a
powerful risk-awareness built into the teams across the business can ensure complete elimination of risks in your
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