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COBIT Focus - COBIT 5 for Risk—A Powerful Tool for Risk Management

Today, as we continue to adapt to a highly volatile environment, businesses are becoming more proactive about risk management. Nowadays, risk management is on everyone’s corporate agenda, whethera private or public organization. Special attention to risk management is paid by governments, semi governments, stock exchanges, shareholders and regulators. After all, risk is everywhere, but, perhaps surprisingly, it is notall bad. Let us not forget that when it comes to risk, there are both threats (risk with negative consequences) and opportunities (risk with positive effects). And it is for good reason that optimizing risk is a far more valuable objective than simply striving to eliminate risk altogether.

Risk assessment and risk management are integral parts of IT security at any organization, or at least they should be. One would think that, IT being critical to an organization’s operations, the risk related to IT and IT security would be covered by many different risk management frameworks, including the Committee of Sponsoring Organizations of the Treadway Commission (COSO) for enterprise risk management (ERM),the Risk Management Society’s RIMS Risk Maturity Model (RMM), Project Management Institute’s (PMI) Project Risk Management, International Organization for Standardization(ISO)/International Electrotechnical Commission(IEC) 27005 Information technology—Security techniques—Information security risk management and the ISO 31000 family. However, this was not the case until recently. When it comes to risk management in the IT domain and specifically the governance and management of enterprise IT, arguably, there is only one leading globally accepted and in-use business framework to employ:  COBIT® 5.

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To read this article in its entirety and discuss, click here: http://www.isaca.org/COBIT/focus/Pages/cobit-5-for-risk-a-powerful-tool-for-risk-management.aspx.

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Comments

You are right !!

I really liked your point of view, you are right in looking for the other side of the situation, this is a positive way of dealing with risks. Thank you.
Alejandro906Lively at 7/13/2017 5:25:31 PM Quote
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(1 ratings)

RE: COBIT Focus - COBIT 5 for Risk—A Powerful Tool for Risk Management

Appreciate your feedback.
HAFIZ SHEIKH ADNAN AHMEDSocial at 7/15/2017 11:58:08 PM Quote
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(Unrated)

RE: COBIT Focus - COBIT 5 for Risk—A Powerful Tool for Risk Management

Appreciate your feedback.
HAFIZ SHEIKH ADNAN AHMEDSocial at 7/15/2017 11:58:08 PM Quote
You must sign in to rate content.
(Unrated)

You are right !!

I really liked your point of view, you are right in looking for the other side of the situation, this is a positive way of dealing with risks. Thank you.
Alejandro906Lively at 7/13/2017 5:25:31 PM Quote
You must sign in to rate content.
(1 ratings)

You are right !!

I really liked your point of view, you are right in looking for the other side of the situation, this is a positive way of dealing with risks. Thank you.
Alejandro906Lively at 7/13/2017 5:25:31 PM Quote
You must sign in to rate content.
(1 ratings)

RE: COBIT Focus - COBIT 5 for Risk—A Powerful Tool for Risk Management

Appreciate your feedback.
HAFIZ SHEIKH ADNAN AHMEDSocial at 7/15/2017 11:58:08 PM Quote
You must sign in to rate content.
(Unrated)

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