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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.

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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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by Steven J. Ross, CISA, CISSP, MBCP
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by Ian Cooke, CISA, CGEIT, CRISC, COBIT Assessor and Implementer, CFE, CPTE, DipFM, ITIL Foundation, Six Sigma Green Belt
Innovative technologies such as VMs and the cloud help the efficiency and effectiveness of backup and recovery plans, but they do not replace the need to plan, document, or test and test again.
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by Aditya K. Sood, Ph.D., and Rehan Jalil
With the robust requirements listed by upcoming regulations, such as GDPR, the importance of a cloud app security solution cannot be ignored.
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by Kiran Maraju, CEH, CISSP
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