Bringing GRC Federation into IT Security

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

email8-190x128 Phishing 101: Beware and Prepare this Holiday Season

With the holiday shopping season upon us, the FBI is warning consumers to be on the lookout for cyber scams and phishing attacks. ...  More >>

Poremba2016Security0x 10 Security Trends to Look for in 2016

So what is on the horizon for 2016? Most experts expect to see continued growth in mobile malware and even more security breaches, especially in the health care and financial industries. ...  More >>

Security86-290x195 Reduce Data Breach Damage by Improving Detection and Response

The new age of security technology will focus on solutions that speed up, automate and ideally combine phases of the typical security process. ...  More >>

Subscribe to our Newsletters

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