The Choice of Risk Management or Compliance - 532 Words

Introduction The task of risk management has perplexed many organizations. Organizations have to make important decisions which will ensure their assets (data) are secure. Not only do organizations have to be concerned with risk management but they are also tasked with ensuring their systems are compliant. The article â€Å"When it comes to enterprise security is it better to focus on compliance or risk†? discusses which area should be considered a higher precedence compliance or risk. The author Christian Anschutz, of the article is SVP and former CIO of Underwriters Laboratories. The article focuses on security, technology and financial risks. Has the author taken into consideration underlying circumstances in which organizations are not able to place one area above another? What are the industry standards? Who enforces these standards? This paper will focus on hazy task of organizational risk management and compliance. Background According to (Landoll, 2011, p.4) â€Å"Security risk management involves the process of ensuring that the security risk posture of an organization is within acceptable bounds as defined by senior management.† In other words risk management is what an organization needs to implement in order to minimize risk to their Information Technology (I.T.) systems. Organization are usually restricted by a budget when attempting to implement a secure risk management plan. There must be a fine balance between budget management and fulfilling the organization’sShow MoreRelatedSecurity And Controls Director At A Publicly Traded Hospital System880 Words   |  4 Pagesan IT leader with this type of role, she’s juggling numerous concurrent information security and compliance objectives. †¢ Next quarter the annual SOX audit begins, although remediation of findings from the prior year’s internal audit report is still in progress. †¢ Results of this quarter’s external network vulnerability scans are in her in-box; a quick peek at the report tells her that numerous risks are flagged as â€Å"critical vulnerabilities†. †¢ The VP of Application Development‘s pet project isRead MoreAnalysis Of Cybersecurity Metrics As Well A Governmental Policy Framework Essay1677 Words   |  7 PagesIntroduction Today’s Government is faced with many challenges when it comes down to Information Assurance compliance. 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