Risk Management

Understanding and addressing risk is a strategic capability and an enabler of missions and business functions across organizations.

Effectively managing information security risk organization-wide requires the following key elements:
  • Assignment of risk management responsibilities to senior leaders/executives;
  • Ensure that senior leaders/executives recognize the importance of managing information security risk and establish appropriate governance structures for managing such risk;
  • Ongoing recognition and understanding by senior leaders/executives of the information security risks to organizational operations, individuals and assets arising from the operation and use of information systems;
  • Establishing the organizational tolerance for risk and communicating the risk tolerance throughout the organization including guidance on how risk tolerance impacts ongoing decision-making activities; and
  • Accountability by senior leaders/executives for their risk management decisions and for the implementation of effective, organization-wide risk management programs.
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