Bringing GRC Federation into IT Security

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Bringing together organizational / business-line silos that may currently manage GRC in inefficient and ineffective ways.

Bringing different stakeholders together to understand and implement a federated GRC model may seem like a huge challenge when operating from the trenches, but in fact, when IT and security teams are aligned with the organization’s business strategy, and connected to the right stakeholders, federated GRC can be a natural extension of how the business works together to achieve superior performance. Leadership teams are driven to operate efficiently. They want to lower risks that may derail the business strategy and its operations, but also leverage opportunities to differentiate and grow. This can only be achieved when the organization understands and accepts risk in a more thoughtful and analytical way.

What is federated GRC?

GRC, by definition, involves bringing together governance, risk and compliance disciplines from across an increasingly complex, extended enterprise with deep interlocks to customer and supplier eco-systems. While it’s not realistic to expect organizations to converge on a common set of GRC processes across this complex landscape, there is huge value in taking a federated approach to GRC that leverages the common risk elements from each business unit, IT and security teams, and management of third parties.

Building a federated GRC capability involves understanding the information architecture and processes that are critical to improving business performance, lowering risk exposure, and ensuring compliance with policies and regulations across the entire organization and its vendor communities. It’s important to engage stakeholders from different business units and collaboratively define what needs to be common, versus what can, or must remain federated, but rationalized through a roll-up in the context of the organization as a whole – its strategic objectives, its legal obligations and its risk appetite.

The degree of federation that makes sense will be very tightly tied to the operating model, and will reflect the reporting requirements and decision-making authority that resides within each unit. For example, a highly distributed organization with very distinct businesses may require a broader degree of federation than a global organization that is highly regulated, and therefore requires greater consistency and predictability across the business. Federation requires an understanding of your organization, its natural structure, and its objectives in order to strike the right balance.

Yo Delmar, vice president, MetricStream, has identified steps organizations can take to establish an integrated GRC and security approach using a "federated" model.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
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