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What is it?

A systematic investigation of network and system activities and events.

Why is it important?

Auditing evaluates the who, what, where, and when of events on a network, which helps managers identify critical events that may have an impact on their organization.

...continue reading "Term of the Week: Audit"

What is it?

A quantifiable measurement used to help organizations evaluate performance.

Why is it important?

Metrics provide a standard for measuring the performance of governance programs and controls established to protect an organization’s assets, interests, and resources.

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What is it?

A tool to capture and quantify information about the risks associated with a project or activity, including the potential impact, likelihood of occurrence, mitigation measures, responses, and response triggers.

Why is it important?

A risk register increases the chances of successful execution of a project or activity by helping managers identify and evaluate risks, assess their potential impact, and create contingency plans.

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What is it?

Chief Information Security Officer. The most senior individual responsible for protecting an organization’s information assets.

Why is it important?

The CISO has overall responsibility for the information security program for an organization. The CISO works closely with executive management and business stakeholders to protect information assets.

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What is it?

A comprehensive, step-by-step series of actions to be followed by an organization’s computer security incident response team (CSIRT) and business operations personnel following a verified cybersecurity incident to reduce the overall impact of the incident.

Why is it important?

When properly implemented, an incident response plan can help ensure an effective response to security incidents and help mitigate the effects of a potentially serious event. The presence of a well-rehearsed plan has proven to reduce the financial impact of security incidents.

...continue reading "Term of the Week: Incident Response Plan"

What is it?

A plan that allows an organization to remain operational at acceptable, predefined levels of operation despite disruptions resulting from human, technical, or natural causes.

Why is it important?

With more and more companies becoming heavily reliant on data to drive decisions, any loss of that data -- even short-term -- can bring business to a halt and have dire effects on the bottom line.

...continue reading "Term of the Week: Business Continuity Plan"

What is it?

A systematic process by which an organization gathers information about its essential business functions and processes and evaluates the potential impact to the organization if those functions and processes were interrupted or otherwise adversely affected. Also referred to as a business impact analysis.

Why is it important?

This term is important because it helps organizations prioritize the allocation of time and resources to prevent, manage, and recover from incidents that affect critical business operations and assets. A business impact assessment also provides information to help create an incident response plan and a business continuity plan.

...continue reading "Term of the Week: Business Impact Assessment (BIA)"

What is it?

A process for defining, identifying, classifying, and prioritizing potential weaknesses in an organization’s computer, network, and communications infrastructure, also known as vulnerability analysis or security assessment.

Why is it important?

When conducted correctly, results from a vulnerability assessment can be used to define or update an organization’s internal and external network as well as its information security policies.

...continue reading "Term of the Week: Vulnerability Assessment"

What is it?

Controls to ensure that software applications are developed and operated in accordance with an organization’s requirements and risk tolerance levels(NIST 2017).

Why is it important?

Application risk governance provides a framework to ensure an appropriate balance between security and operations.
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What is it?

A combination of three approaches that organizations use to demonstrate compliance with international standards, global rules, laws, and state regulations. Referred to as IT GRC when a company uses information technology (IT) to apply GRC.

Why is it important?

Governance, risk management, compliance (GRC) is often implemented by companies that are growing globally to maintain consistent policies, processes, and procedures across all parts of the organization. It is important for business professionals to understand and follow the internal information security rules, company risk factors, and industry requirements that drive the implementation of GRC in order to ensure that the company as a whole remains compliant.
...continue reading "Term of the Week: Governance, Risk Management, Compliance (GRC)"