Bringing GRC Federation into IT Security

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11
Previous Next

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

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

 
More Slideshows

SurfwatchCybersecurity0x Cyber Crime Report Finds Old Breaches Led to New Breaches

Motivations behind the attacks ranged by industry and, predictably, not a single sector was left untouched by the unscrupulous actors. ...  More >>

Disaster10-190x128.jpg New Catalysts Driving Disaster Recovery Initiatives

Due to a variety of natural and manmade disasters – including cyber attacks – organizations are placing greater emphasis on DR initiatives. ...  More >>

DiligentDataAtRisk0x When the Boss Leaves, What Data Is at Risk?

Data breach risks are pervasive across the organization, not just with unhappy employees, and particular attention needs to be paid to those who have access to the most sensitive information. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.