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Bringing GRC Federation into IT Security

  • Bringing GRC Federation into IT Security-

    Leveraging security team risk assessments based on likelihood, impact, and other factors such as threat source, motivation, skill level and access – targeting sensitive and critical technology and information assets.

    Federation leverages security team risk assessments that account for a wider range of factors than typical operational or enterprise risk assessments. Security teams look at likelihood and impact, but also threat source, motivation, skill level and access for threat vectors that target sensitive and critical technology and information assets. In addition, security teams orchestrate policy compliance to security configuration baselines on key assets to ensure they are aligned with international standards and technology vendor recommendations.

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Bringing GRC Federation into IT Security

  • 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11
  • Bringing GRC Federation into IT Security-4

    Leveraging security team risk assessments based on likelihood, impact, and other factors such as threat source, motivation, skill level and access – targeting sensitive and critical technology and information assets.

    Federation leverages security team risk assessments that account for a wider range of factors than typical operational or enterprise risk assessments. Security teams look at likelihood and impact, but also threat source, motivation, skill level and access for threat vectors that target sensitive and critical technology and information assets. In addition, security teams orchestrate policy compliance to security configuration baselines on key assets to ensure they are aligned with international standards and technology vendor recommendations.

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.