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PO9.5 - Risk Response

This topic is intended to enable collaboration and sharing of information to facilitate a better understanding and approach to implementing this COBIT control objective based on the risk, value and guidance provided by its corresponding control practices.

COBIT Control Objective PO9.5 - Risk Response is contained within Process Popup Assess and Manage IT Risks.

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Risk Response

Develop and maintain a risk response process designed to ensure that cost-effective controls mitigate exposure to risks on a continuing basis. The risk response process should identify risk strategies such as avoidance, reduction, sharing or acceptance; determine associated responsibilities; and consider risk tolerance levels.

View value and Risk Drivers  help

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Value Drivers

  • Effective management of risks
  • Consistent approach for risk mitigation
  • Cost-effective risk response
  Risk Drivers
  • Risk responses not effective
  • Unidentified residual business risks
  • Ineffective use of resources to respond to risks
  • Overreliance on existing poor controls

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  1. Consider the results of the risk assessment and determine a strategy for mitigating the risks, considering the significance of the risk and the probable cost and benefit of one of more of the options—avoidance, reduction, sharing and acceptance—that aligns with strategic objectives and is in keeping with the enterprise’s accepted risk management culture and risk tolerances.
  2. Develop a risk action plan to implement the agreed-upon risk response based on a consideration of:
    • Priorities
    • Existing controls that could be improved or modified
    • Practical implementation considerations
    • Any specific legal, regulatory or contractual requirements
    • Probable costs
    • Potential benefits

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16 Mar 2015
ISACA International Event
Orlando, FL, USA
14 Mar 2016
ISACA International Event
Miami, FL, USA
1 Aug 2016
ISACA International Event
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7 May 2018
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Journal Articles: 467 total

Volume 3, 2107
by Jayakumar Sundaram, CISA, ISO 27001 LA
The SoA is a continuously updated and controlled document that provides an overview of information security implementation.
Volume 6, 2106
by Venkatasubramanian Ramakrishnan, CISM, CRISC, CHFI
Bayesian networks can capture the complex interdependencies among risk factors and can effectively combine data with expert judgment.
Volume 3, 2018
by Ed Moyle
Every year, ISACA conducts its annual Global State of Cybersecurity research. The second part of the survey asks about security practices in the field: what is working and what is not.
Volume 3, 2018
by Ed Moyle
When people hear the term “cyberwarfare,” there are a few things that come to mind. The things people visualize tend to be the high-impact, “scare the pants off you” scenarios such as...
Volume 3, 2018
by Sunil Bakshi, CISA, CRISC, CISM, CGEIT, ABCI, AMIIB, BS 25999 LI, CEH, CISSP, ISO 27001 LA, MCA, PMP
My organization has initiated a project to use blockchain technology. We have been hearing about this technology becoming the backbone of digital currency, but we have also heard that there are many issues related to digital currency.
Volume 3, 2018
by Chip Jarnagin, CISSP, CSM, PMP, and Sonja Hammond, CISSP, ITIL Foundation, PCI-ISA
The exposure of data for up to 14 million of Verizon’s customers in July 2017 was an enormous embarrassment, particularly for an organization that presents itself as a premium cybersecurity consultancy.

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Blog Posts: 186 total

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Hello and welcome to my first post of my new blog, 'Cybersecurity ROCKS!'.   As a long time member of the security community and new to the Vancouver area, I'd like to tell you a little about myself, how my career began and where my current passions in cy...
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5 Jun 2018
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Security in IoT environment
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20 Apr 2018
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