Bringing GRC Federation into IT Security

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

AppRiverScamPreventionTips0x Five Tips to Avoid Falling Victim to Online Scammers

While vendors are busy planning ways to push sales even higher in 2014, you can be certain that just as many cyber criminals are plotting to profit from this year's "season of goodwill." ...  More >>

HAXLR8RStartups0x Robotics Take Center Stage: Ten New Hardware Startups

Recently, HAXLR8R held its Demo Day in San Francisco, where it revealed its fifth class of new hardware startups, which span the markets from wearables to security to biology. ...  More >>

Security49-190x128 Using Tokenization for Superior Data Security

With the launch of ApplePay for secure online and mobile payments, tokenization has become a hot topic in data security. ...  More >>

Subscribe to our Newsletters

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


 
Thanks for your registration, follow us on our social networks to keep up-to-date