355 IT Risk Management Automation Criteria for Multi-purpose Projects

What is involved in IT Risk Management

Find out what the related areas are that IT Risk Management connects with, associates with, correlates with or affects, and which require thought, deliberation, analysis, review and discussion. This unique checklist stands out in a sense that it is not per-se designed to give answers, but to engage the reader and lay out a IT Risk Management thinking-frame.

How far is your company on its IT Risk Management Automation journey?

Take this short survey to gauge your organization’s progress toward IT Risk Management Automation leadership. Learn your strongest and weakest areas, and what you can do now to create a strategy that delivers results.

To address the criteria in this checklist for your organization, extensive selected resources are provided for sources of further research and information.

Start the Checklist

Below you will find a quick checklist designed to help you think about which IT Risk Management related domains to cover and 355 essential critical questions to check off in that domain.

The following domains are covered:

IT Risk Management, Information security management system, Human resources, Security controls, Computer insecurity, Information risk management, Chief information security officer, Information security management, Standard of Good Practice, Business continuity plan, Information technology, International Organization for Standardization, Common Vulnerabilities and Exposures, Information technology security audit, Chief information officer, Incident management, Regulatory compliance, Professional association, Risk appetite, National Information Assurance Training and Education Center, Risk analysis, TIK IT Risk Framework, Risk management, Vulnerability management, IT Baseline Protection Catalogs, Risk factor, Risk IT, Single loss expectancy, Data in transit, Physical security, ISO/IEC 27005, ISO/IEC 27000-series, Enterprise risk management, ISO/IEC 17799, IT risk, Committee of Sponsoring Organizations of the Treadway Commission, Systems Development Life Cycle, Asset management, Risk assessment, ISO/IEC 13335, Computer security, ISO/IEC 15408, The Open Group, Health Insurance Portability and Accountability Act, Best practice, IT Risk Management, Laptop theft, Risk register, Security service, Intangible asset, CIA triad, Homeland Security Department, Information security, Software Engineering Institute, Quantitative research, Annualized Loss Expectancy:

IT Risk Management Critical Criteria:

Guide IT Risk Management engagements and report on setting up IT Risk Management without losing ground.

– What impact has emerging technology (e.g., cloud computing, virtualization and mobile computing) had on your companys ITRM program over the past 12 months?

– Nearly all managers believe that their risks are the most important in the enterprise (or at least they say so) but whose risks really matter most?

– For your IT Risk Management project, identify and describe the business environment. is there more than one layer to the business environment?

– To what extent is the companys common control library utilized in implementing or re-engineering processes to align risk with control?

– Structure/process risk -What is the degree of change the new project will introduce into user areas and business procedures?

– Which is the financial loss that the organization will experience as a result of every possible security incident ?

– What is the potential impact on the organization if the information is disclosed to unauthorized personnel?

– What is the effect on the organizations mission if the system or information is not reliable?

– What best describes your establishment of a common process, risk and control library?

– Do you have an IT risk program framework aligned to IT strategy and enterprise risk?

– Is there a clearly defined IT risk appetite that has been successfully implemented?

– How secure -well protected against potential risks is the information system ?

– Does your IT risk program have GRC tools or other tools and technology?

– To what extent are you involved in IT Risk Management at your company?

– Do you actively monitor regulatory changes for the impact of ITRM?

– For which IT activities has your company defined KRIs or KPIs?

– What is the purpose of the system in relation to the mission?

– How does your company report on its IT risk?

– Risk Communication what to Communicate?

Information security management system Critical Criteria:

Troubleshoot Information security management system governance and secure Information security management system creativity.

– What will be the consequences to the business (financial, reputation etc) if IT Risk Management does not go ahead or fails to deliver the objectives?

– What is the purpose of IT Risk Management in relation to the mission?

– How would one define IT Risk Management leadership?

Human resources Critical Criteria:

Extrapolate Human resources results and visualize why should people listen to you regarding Human resources.

– A dramatic step toward becoming a learning organization is to appoint a chief training officer (CTO) or a chief learning officer (CLO). Many organizations claim to value Human Resources, but how many have a Human Resources representative involved in discussions about research and development commercialization, new product development, the strategic vision of the company, or increasing shareholder value?

– Under what circumstances might the company disclose personal data to third parties and what steps does the company take to safeguard that data?

– Is there a role for employees to play in maintaining the accuracy of personal data the company maintains?

– What happens if an individual objects to the collection, use, and disclosure of his or her personal data?

– How is Staffs willingness to help or refer questions to the proper level?

– What are the Human Resources we can bring to establishing new business?

– What problems have you encountered with the department or staff member?

– Can you think of other ways to reduce the costs of managing employees?

– What is the important thing that human resources management should do?

– Are there types of data to which the employee does not have access?

– To achieve our goals, how must our organization learn and innovate?

– What steps are taken to promote compliance with the hr principles?

– What will be your Human Resources needs for the first year?

– What internal dispute resolution mechanisms are available?

– Does all hr data receive the same level of security?

– Is our company developing its Human Resources?

– How is the Ease of navigating the hr website?

– Will an algorithm shield us from liability?

– Analytic Applications: Build or Buy?

– Can you trust the algorithm?

Security controls Critical Criteria:

Unify Security controls tasks and figure out ways to motivate other Security controls users.

– Are there multiple physical security controls (such as badges, escorts, or mantraps) in place that would prevent unauthorized individuals from gaining access to the facility?

– Does the cloud service agreement make its responsibilities clear and require specific security controls to be applied to the application?

– Are regular reviews of the effectiveness of the ISMS (including meeting of ISMS policy and objectives and review of security controls) undertaken?

– Do the security controls encompass not only the cloud services themselves, but also the management interfaces offered to customers?

– Can the cloud service provider demonstrate appropriate security controls applied to their physical infrastructure and facilities?

– Do we have policies and methodologies in place to ensure the appropriate security controls for each application?

– Is the measuring of the effectiveness of the selected security controls or group of controls defined?

– Does the cloud service provider have necessary security controls on their human resources?

– Do we have sufficient processes in place to enforce security controls and standards?

– Have vendors documented and independently verified their Cybersecurity controls?

– Who are the people involved in developing and implementing IT Risk Management?

– Do we have sufficient processes in place to enforce security controls and standards?

– What business benefits will IT Risk Management goals deliver if achieved?

– What are the usability implications of IT Risk Management actions?

– What are the known security controls?

Computer insecurity Critical Criteria:

Confer re Computer insecurity failures and summarize a clear Computer insecurity focus.

– What role does communication play in the success or failure of a IT Risk Management project?

– Are we Assessing IT Risk Management and Risk?

Information risk management Critical Criteria:

Mine Information risk management projects and plan concise Information risk management education.

– Is maximizing IT Risk Management protection the same as minimizing IT Risk Management loss?

– Is IT Risk Management dependent on the successful delivery of a current project?

– What tools and technologies are needed for a custom IT Risk Management project?

Chief information security officer Critical Criteria:

Adapt Chief information security officer decisions and diversify by understanding risks and leveraging Chief information security officer.

– What are your current levels and trends in key measures or indicators of IT Risk Management product and process performance that are important to and directly serve your customers? how do these results compare with the performance of your competitors and other organizations with similar offerings?

– What prevents me from making the changes I know will make me a more effective IT Risk Management leader?

– Does your organization have a chief information security officer (ciso or equivalent title)?

– Are assumptions made in IT Risk Management stated explicitly?

Information security management Critical Criteria:

Coach on Information security management quality and correct better engagement with Information security management results.

– Has the organization established an Identity and Access Management program that is consistent with requirements, policy, and applicable guidelines and which identifies users and network devices?

– Has the organization established an enterprise-wide business continuity/disaster recovery program that is consistent with requirements, policy, and applicable guidelines?

– How do you incorporate cycle time, productivity, cost control, and other efficiency and effectiveness factors into these IT Risk Management processes?

– Does IT Risk Management systematically track and analyze outcomes for accountability and quality improvement?

– To what extent does management recognize IT Risk Management as a tool to increase the results?

– Is there a business continuity/disaster recovery plan in place?

– Are damage assessment and disaster recovery plans in place?

Standard of Good Practice Critical Criteria:

Illustrate Standard of Good Practice visions and use obstacles to break out of ruts.

– What are our needs in relation to IT Risk Management skills, labor, equipment, and markets?

– Is IT Risk Management Realistic, or are you setting yourself up for failure?

– What are specific IT Risk Management Rules to follow?

Business continuity plan Critical Criteria:

Chat re Business continuity plan leadership and overcome Business continuity plan skills and management ineffectiveness.

– What is the role of digital document management in business continuity planning management?

– Who is the main stakeholder, with ultimate responsibility for driving IT Risk Management forward?

– How does our business continuity plan differ from a disaster recovery plan?

– What is business continuity planning and why is it important?

– Do you have any DR/business continuity plans in place?

– What are internal and external IT Risk Management relations?

Information technology Critical Criteria:

Interpolate Information technology leadership and report on developing an effective Information technology strategy.

– Do the response plans address damage assessment, site restoration, payroll, Human Resources, information technology, and administrative support?

– Does your company have defined information technology risk performance metrics that are monitored and reported to management on a regular basis?

– If a survey was done with asking organizations; Is there a line between your information technology department and your information security department?

– Think about the functions involved in your IT Risk Management project. what processes flow from these functions?

– How does new information technology come to be applied and diffused among firms?

– What are the record-keeping requirements of IT Risk Management activities?

– The difference between data/information and information technology (it)?

– When do you ask for help from Information Technology (IT)?

– Which IT Risk Management goals are the most important?

International Organization for Standardization Critical Criteria:

Concentrate on International Organization for Standardization visions and define what do we need to start doing with International Organization for Standardization.

– How do you determine the key elements that affect IT Risk Management workforce satisfaction? how are these elements determined for different workforce groups and segments?

– In what ways are IT Risk Management vendors and us interacting to ensure safe and effective use?

– How do we go about Securing IT Risk Management?

Common Vulnerabilities and Exposures Critical Criteria:

Apply Common Vulnerabilities and Exposures visions and raise human resource and employment practices for Common Vulnerabilities and Exposures.

– What are the business goals IT Risk Management is aiming to achieve?

– How can you measure IT Risk Management in a systematic way?

Information technology security audit Critical Criteria:

Brainstorm over Information technology security audit tasks and plan concise Information technology security audit education.

– What are the Key enablers to make this IT Risk Management move?

– Does the IT Risk Management task fit the clients priorities?

Chief information officer Critical Criteria:

Use past Chief information officer risks and know what your objective is.

– In the case of a IT Risk Management project, the criteria for the audit derive from implementation objectives. an audit of a IT Risk Management project involves assessing whether the recommendations outlined for implementation have been met. in other words, can we track that any IT Risk Management project is implemented as planned, and is it working?

– A compounding model resolution with available relevant data can often provide insight towards a solution methodology; which IT Risk Management models, tools and techniques are necessary?

– What vendors make products that address the IT Risk Management needs?

Incident management Critical Criteria:

Dissect Incident management strategies and figure out ways to motivate other Incident management users.

– How do we ensure that implementations of IT Risk Management products are done in a way that ensures safety?

– What are the top 3 things at the forefront of our IT Risk Management agendas for the next 3 years?

– Which processes other than incident management are involved in achieving a structural solution ?

– In which cases can CMDB be usefull in incident management?

– Is Supporting IT Risk Management documentation required?

– What is a primary goal of incident management?

Regulatory compliance Critical Criteria:

Bootstrap Regulatory compliance goals and explain and analyze the challenges of Regulatory compliance.

– Does IT Risk Management include applications and information with regulatory compliance significance (or other contractual conditions that must be formally complied with) in a new or unique manner for which no approved security requirements, templates or design models exist?

– In the case of public clouds, will the hosting service provider meet their regulatory compliance requirements?

– Regulatory compliance: Is the cloud vendor willing to undergo external audits and/or security certifications?

– Who will be responsible for deciding whether IT Risk Management goes ahead or not after the initial investigations?

– How will you know that the IT Risk Management project has been successful?

– What is Regulatory Compliance ?

Professional association Critical Criteria:

Deduce Professional association risks and work towards be a leading Professional association expert.

– What is the source of the strategies for IT Risk Management strengthening and reform?

– How can skill-level changes improve IT Risk Management?

– What will drive IT Risk Management change?

Risk appetite Critical Criteria:

Wrangle Risk appetite tasks and frame using storytelling to create more compelling Risk appetite projects.

– How do we revise the risk appetite statement so that we can link it to risk culture, roll it out effectively to the business units and bring it to life for them. How do we make it meaningful in connecting it with what they do day-to-day?

– How important is IT Risk Management to the user organizations mission?

– Risk appetite: at what point does the risk become unacceptable?

– Does IT Risk Management appropriately measure and monitor risk?

National Information Assurance Training and Education Center Critical Criteria:

Check National Information Assurance Training and Education Center results and gather National Information Assurance Training and Education Center models .

– How do we go about Comparing IT Risk Management approaches/solutions?

– What about IT Risk Management Analysis of results?

Risk analysis Critical Criteria:

Grade Risk analysis visions and secure Risk analysis creativity.

– How do risk analysis and Risk Management inform your organizations decisionmaking processes for long-range system planning, major project description and cost estimation, priority programming, and project development?

– Can we add value to the current IT Risk Management decision-making process (largely qualitative) by incorporating uncertainty modeling (more quantitative)?

– What levels of assurance are needed and how can the risk analysis benefit setting standards and policy functions?

– In which two Service Management processes would you be most likely to use a risk analysis and management method?

– How likely is the current IT Risk Management plan to come in on schedule or on budget?

– How does the business impact analysis use data from Risk Management and risk analysis?

– How do we do risk analysis of rare, cascading, catastrophic events?

– With risk analysis do we answer the question how big is the risk?

TIK IT Risk Framework Critical Criteria:

Check TIK IT Risk Framework quality and probe TIK IT Risk Framework strategic alliances.

– What are your most important goals for the strategic IT Risk Management objectives?

– What are the short and long-term IT Risk Management goals?

Risk management Critical Criteria:

Facilitate Risk management planning and do something to it.

– Are we communicating about our Cybersecurity Risk Management programs including the effectiveness of those programs to stakeholders, including boards, investors, auditors, and insurers?

– If the liability portion of a Cybersecurity insurance policy is a claims-made policy, is an extended reporting endorsement (tail coverage) offered?

– Does the company have equipment dependent on remote upgrades to firmware or software, or have plans to implement such systems?

– Does your organization have a formal Risk Management process in place to assess and mitigate risks to the organization?

– Do you have a process for looking at consequences of cyber incidents that informs your risk management process?

– To what extent is Cybersecurity risk incorporated into organizations overarching enterprise risk management?

– Do you adapt ITRM processes to align with business strategies and new business changes?

– Do you have an internal or external company performing your vulnerability assessment?

– How does your company report on its information and technology risk assessment?

– Does the company collect personally identifiable information electronically?

– How do we appropriately integrate Cybersecurity risk into business risk?

– Does senior leadership have access to Cybersecurity risk information?

– Are Cybersecurity criteria used for vendor and device selection?

– Does the board have a manual and operating procedures?

– Where is this procedure or policy written and kept?

– How are risks currently identified, assigned and mitigated?

– Are there beyond-compliance activities?

– How can I keep my information safe online?

Vulnerability management Critical Criteria:

Define Vulnerability management adoptions and improve Vulnerability management service perception.

– What type and amount of resources does the system develop inherently and what does it attract from the close and distant environment to employ them consequently in the resilience process?

– How and how much do Resilience functions performed by a particular system impact own and others vulnerabilities?

– How and how much Resilience functions performed by a particular system impact own and others vulnerabilities?

– What is the security gap between private cloud cloud computing versus client server computing architectures?

– Does the organization or systems requiring remediation face numerous and/or significant threats?

– What are the different layers or stages in the development of security for our cloud usage?

– Are we making progress? and are we making progress as IT Risk Management leaders?

– Risk of Compromise What is the likelihood that a compromise will occur?

– what is the difference between cyber security and information security?

– Consequences of Compromise What are the consequences of compromise?

– What is the likelihood that a compromise will occur?

– What are the consequences of compromise?

– How do we compare outside our industry?

– Who is accountable and by when?

– How do we compare to our peers?

– How are we trending over time?

– What is my real risk?

IT Baseline Protection Catalogs Critical Criteria:

See the value of IT Baseline Protection Catalogs adoptions and know what your objective is.

– Have the types of risks that may impact IT Risk Management been identified and analyzed?

Risk factor Critical Criteria:

Powwow over Risk factor tactics and oversee Risk factor management by competencies.

– Which customers cant participate in our IT Risk Management domain because they lack skills, wealth, or convenient access to existing solutions?

– Risk factors: what are the characteristics of IT Risk Management that make it risky?

– Which individuals, teams or departments will be involved in IT Risk Management?

– Do we all define IT Risk Management in the same way?

– How can you mitigate the risk factors?

Risk IT Critical Criteria:

Demonstrate Risk IT quality and devise Risk IT key steps.

– What management system can we use to leverage the IT Risk Management experience, ideas, and concerns of the people closest to the work to be done?

– Risk Probability and Impact: How will the probabilities and impacts of risk items be assessed?

– How do we Lead with IT Risk Management in Mind?

Single loss expectancy Critical Criteria:

Discourse Single loss expectancy leadership and figure out ways to motivate other Single loss expectancy users.

– What is our formula for success in IT Risk Management ?

Data in transit Critical Criteria:

Deliberate Data in transit decisions and spearhead techniques for implementing Data in transit.

– Are there any disadvantages to implementing IT Risk Management? There might be some that are less obvious?

Physical security Critical Criteria:

Reconstruct Physical security visions and achieve a single Physical security view and bringing data together.

– Are information security policies, including policies for access control, application and system development, operational, network and physical security, formally documented?

– Does your Cybersecurity plan contain both cyber and physical security components, or does your physical security plan identify critical cyber assets?

– What are your key performance measures or indicators and in-process measures for the control and improvement of your IT Risk Management processes?

– Has Cybersecurity been identified in the physical security plans for the assets, reflecting planning for a blended cyber/physical attack?

– Secured Offices, Rooms and Facilities: Are physical security for offices, rooms and facilities designed and applied?

– Is the security product consistent with physical security and other policy requirements?

– Is IT Risk Management Required?

ISO/IEC 27005 Critical Criteria:

Extrapolate ISO/IEC 27005 outcomes and inform on and uncover unspoken needs and breakthrough ISO/IEC 27005 results.

– Does IT Risk Management create potential expectations in other areas that need to be recognized and considered?

– Do several people in different organizational units assist with the IT Risk Management process?

ISO/IEC 27000-series Critical Criteria:

Experiment with ISO/IEC 27000-series issues and correct better engagement with ISO/IEC 27000-series results.

– How to deal with IT Risk Management Changes?

Enterprise risk management Critical Criteria:

Start Enterprise risk management planning and give examples utilizing a core of simple Enterprise risk management skills.

– Has management conducted a comprehensive evaluation of the entirety of enterprise Risk Management at least once every three years or sooner if a major strategy or management change occurs, a program is added or deleted, changes in economic or political conditions exist, or changes in operations or methods of processing information have occurred?

– Does the information infrastructure convert raw data into more meaningful, relevant information to create knowledgeable and wise decisions that assists personnel in carrying out their enterprise Risk Management and other responsibilities?

– Has management considered from external parties (e.g., customers, vendors and others doing business with the entity, external auditors, and regulators) important information on the functioning of an entitys enterprise Risk Management?

– Are findings of enterprise Risk Management deficiencies reported to the individual responsible for the function or activity involved, as well as to at least one level of management above that person?

– Do regular face-to-face meetings occur with risk champions or other employees from a range of functions and entity units with responsibility for aspects of enterprise Risk Management?

– Is a technical solution for data loss prevention -i.e., systems designed to automatically monitor for data leakage -considered essential to enterprise risk management?

– Has management taken appropriate corrective actions related to reports from external sources for their implications for enterprise Risk Management?

– Has management taken an occasional fresh look at focusing directly on enterprise Risk Management effectiveness?

– Who is responsible for ensuring appropriate resources (time, people and money) are allocated to IT Risk Management?

– To what extent is Cybersecurity risk incorporated into organizations overarching enterprise Risk Management?

– To what extent is Cybersecurity Risk Management integrated into enterprise risk management?

– Do policy and procedure manuals address managements enterprise Risk Management philosophy?

– How is the enterprise Risk Management model used to assess and respond to risk?

– When you need advice about enterprise Risk Management, whom do you call?

– What is our enterprise Risk Management strategy?

– Are there recognized IT Risk Management problems?

ISO/IEC 17799 Critical Criteria:

Give examples of ISO/IEC 17799 outcomes and attract ISO/IEC 17799 skills.

– What other jobs or tasks affect the performance of the steps in the IT Risk Management process?

– Do IT Risk Management rules make a reasonable demand on a users capabilities?

IT risk Critical Criteria:

Recall IT risk management and customize techniques for implementing IT risk controls.

– By what percentage do you estimate your companys financial investment in ITRM activities will change in the next 12 months?

– What information is generated by, consumed by, processed on, stored in, and retrieved by the system?

– Does the IT Risk Management framework align to a three lines of defense model?

– How can organizations advance from good IT Risk Management practice to great?

– Which risks are managed or monitored in the scope of the ITRM function?

– Who performs your companys information and technology risk assessments?

– To whom does the IT Risk Management function or oversight role report?

– Financial risk -can the organization afford to undertake the project?

– What are the requirements for information availability and integrity?

– How often are information and technology risk assessments performed?

– To what extent are you involved in ITRM at your company?

– How much system downtime can the organization tolerate?

– Does your company have a formal ITRM function?

– What triggers a risk assessment?

Committee of Sponsoring Organizations of the Treadway Commission Critical Criteria:

Grasp Committee of Sponsoring Organizations of the Treadway Commission visions and figure out ways to motivate other Committee of Sponsoring Organizations of the Treadway Commission users.

– Will new equipment/products be required to facilitate IT Risk Management delivery for example is new software needed?

– What new services of functionality will be implemented next with IT Risk Management ?

Systems Development Life Cycle Critical Criteria:

Study Systems Development Life Cycle tactics and find out.

– What knowledge, skills and characteristics mark a good IT Risk Management project manager?

– Why is the systems development life cycle considered an iterative process?

– What are the five steps in the systems development life cycle (sdlc)?

Asset management Critical Criteria:

Reconstruct Asset management planning and spearhead techniques for implementing Asset management.

– Do we have processes for managing Human Resources across the business. (eg. staffing skills and numbers are known and predictions are made of future needs? new staff are inducted and trained to suit needs? succession planning is catered for?

– Is an asset management process(es) in place to inventory and manage this new asset (investment) from a property management perspective, to provide Configuration Management support, and to monitor system performance?

– Deciding what level of hardware in the system is a decision process such as: is the cost or risk of loss with a usb cable, a tablet or a mouse sufficient to require tracking? Have we decided on the detail level?

– What are our key differences between ITAM IT asset management and ITSM IT service management?

– What are the key differences for us between asset management and Service Management?

– What is your it asset management program. is it manual or automated (which vendor)?

– What assets are being used with it (software, components)?

– What is our policy around the distribution of software?

– Are we prepared to respond to a software audit?

– Game of hide and seek at your organization?

– What are significant events about it?

– What is the condition of the asset?

– What is currently being used/done?

– Have your assets gone into hiding?

– What, though, is asset management?

– It assets -what are they?

– What are it assets?

– Should we manage?

Risk assessment Critical Criteria:

Study Risk assessment visions and devote time assessing Risk assessment and its risk.

– Have the it security cost for the any investment/project been integrated in to the overall cost including (c&a/re-accreditation, system security plan, risk assessment, privacy impact assessment, configuration/patch management, security control testing and evaluation, and contingency planning/testing)?

– What are your results for key measures or indicators of the accomplishment of your IT Risk Management strategy and action plans, including building and strengthening core competencies?

– Is the risk assessment approach defined and suited to the ISMS, identified business information security, legal and regulatory requirements?

– Does the risk assessment approach helps to develop the criteria for accepting risks and identify the acceptable level risk?

– Are standards for risk assessment methodology established, so risk information can be compared across entities?

– With Risk Assessments do we measure if Is there an impact to technical performance and to what level?

– Are standards for risk assessment methodology established, so risk information can be compared across entities?

– How frequently, if at all, do we conduct a business impact analysis (bia) and risk assessment (ra)?

– What operating practices represent major roadblocks to success or require careful risk assessment?

– What potential environmental factors impact the IT Risk Management effort?

– Do you use any homegrown IT system for ERM or risk assessments?

– How are risk assessment and audit results communicated to executives?

– Are regular risk assessments executed across all entities?

– What drives the timing of your risk assessments?

ISO/IEC 13335 Critical Criteria:

Huddle over ISO/IEC 13335 quality and visualize why should people listen to you regarding ISO/IEC 13335.

– How do we Identify specific IT Risk Management investment and emerging trends?

– Why are IT Risk Management skills important?

Computer security Critical Criteria:

Conceptualize Computer security outcomes and find out.

– Does your company provide end-user training to all employees on Cybersecurity, either as part of general staff training or specifically on the topic of computer security and company policy?

– Will the selection of a particular product limit the future choices of other computer security or operational modifications and improvements?

– How do senior leaders actions reflect a commitment to the organizations IT Risk Management values?

– Does IT Risk Management analysis isolate the fundamental causes of problems?

ISO/IEC 15408 Critical Criteria:

Interpolate ISO/IEC 15408 management and summarize a clear ISO/IEC 15408 focus.

– How do we measure improved IT Risk Management service perception, and satisfaction?

The Open Group Critical Criteria:

Value The Open Group tasks and customize techniques for implementing The Open Group controls.

– Think about the kind of project structure that would be appropriate for your IT Risk Management project. should it be formal and complex, or can it be less formal and relatively simple?

– How much does IT Risk Management help?

Health Insurance Portability and Accountability Act Critical Criteria:

Dissect Health Insurance Portability and Accountability Act tasks and budget for Health Insurance Portability and Accountability Act challenges.

– How do your measurements capture actionable IT Risk Management information for use in exceeding your customers expectations and securing your customers engagement?

– What is the total cost related to deploying IT Risk Management, including any consulting or professional services?

Best practice Critical Criteria:

Test Best practice failures and drive action.

– Achieving service management excellence is an on-going process. Just as an organization can never have enough sales, so they can never stop paying attention to service assurance. With service management and assurance having such a critical role for CSPs, how can they both achieve optimal service assurance delivery and implement supporting processes to ensure that best practice continues to be observed?

– What are our best practices for minimizing IT Risk Management project risk, while demonstrating incremental value and quick wins throughout the IT Risk Management project lifecycle?

– What standards, guidelines, best practices, and tools are organizations using to understand, measure, and manage risk at the management, operational, and technical levels?

– What are the best practices for software quality assurance when using agile development methodologies?

– Are we proactively using the most effective means, the best practices and maximizing our opportunities?

– Does your organization have a company-wide policy regarding best practices for cyber?

– What are the best practices in knowledge management for IT Service management ITSM?

– Are CSI and organizational change underpinned by Kotters change management best practices?

– What best practices in knowledge management for Service management do we use?

– Which is really software best practice to us, CMM or agile development?

– What are the best practices for implementing an internal site search?

– Are there any best practices or standards for the use of Big Data solutions?

– Which is really software best practice, CMM or agile development?

– Are Organizational Change managements best practices (eg Kotter) applied?

– What is a best practice for selecting drives for a thin pool?

– What best practices are relevant to your itsm initiative?

– Do we adhere to best practices interface design?

– What best practices are relevant to your ITSM initiative?

IT Risk Management Critical Criteria:

Exchange ideas about IT Risk Management tactics and ask questions.

– Which is the financial loss that the organization will experience as a result of a security incident due to the residual risk ?

– Does your company have a common risk and control framework or foundation that is used today across the company?

– To what extent is your companys approach to ITRM aligned with the ERM strategies and frameworks?

– Is there disagreement or conflict about a decision/choice or course of action to be taken?

– People risk -Are people with appropriate skills available to help complete the project?

– Estimate the change in financial investment for ITRM activities in the next 12 months?

– Could a system or security malfunction or unavailability result in injury or death?

– What is the sensitivity (or classification) level of the information?

– Methodology: How will risk management be performed on projects?

– Does the board explore options before arriving at a decision?

– What is the Risk Management Process?

– How do you justify a new firewall?

– How do you demonstrate due care?

– How will we pay for it?

Laptop theft Critical Criteria:

Contribute to Laptop theft strategies and know what your objective is.

– What may be the consequences for the performance of an organization if all stakeholders are not consulted regarding IT Risk Management?

– What are the barriers to increased IT Risk Management production?

Risk register Critical Criteria:

Inquire about Risk register goals and clarify ways to gain access to competitive Risk register services.

– Are the risk register and Risk Management processes actually effective in managing project risk?

– Who needs to know about IT Risk Management ?

Security service Critical Criteria:

Accommodate Security service results and test out new things.

– Certainly the increasingly mobile work force makes compliance more difficult. With more endpoints, devices and people involved, there is that much more to watch. There are devices not owned by the organization pulling data off the organizations network. Is your organizations policy consistent with that of contractors you work with?

– Do you have contracts in place with the 3rd parties that require the vendor to maintain controls, practices and procedures that are as protective as your own internal procedures?

– During the last 3 years, have you experienced a disruption to your computer system that lasted longer than 4 hours for any reason (other than planned downtime)?

– For the private information collected, is there a process for deleting this information once it is complete or not needed anymore?

– Are documented procedures in place for user and password management and are they monitored for compliance?

– Why Learn About Security, Privacy, and Ethical Issues in Information Systems and the Internet?

– Meeting the challenge: are missed IT Risk Management opportunities costing us money?

– Do you regularly audit 3rd parties with whom you have data sharing agreements with?

– What is the process of adding users and deleting users from Active Directory?

– Have you experienced any breech or security incident in the past 6 months?

– Is your privacy policy reviewed and updated at least annually?

– Who has authority to commit the applicant to contracts?

– Response What should the response to incidents be?

– What is the average contract value and duration?

– Is there a patch management process in place?

– How long are you required to store your data?

– What percent of time are contracts not used?

– How many Firewalls do you have?

– Should you hire a hacker?

Intangible asset Critical Criteria:

Depict Intangible asset risks and assess and formulate effective operational and Intangible asset strategies.

CIA triad Critical Criteria:

Consult on CIA triad adoptions and create a map for yourself.

– What are the Essentials of Internal IT Risk Management Management?

Homeland Security Department Critical Criteria:

Check Homeland Security Department quality and probe Homeland Security Department strategic alliances.

– Think of your IT Risk Management project. what are the main functions?

Information security Critical Criteria:

Illustrate Information security planning and find out what it really means.

– Based on our information security Risk Management strategy, do we have official written information security and privacy policies, standards, or procedures?

– Is a risk treatment plan formulated to identify the appropriate mgmt action, resources, responsibilities and priorities for managing information security risks?

– Are information security events and weaknesses associated with information systems communicated in a manner to allow timely corrective action to be taken?

– Are information security roles and responsibilities coordinated and aligned with internal roles and external partners?

– Is there an up-to-date information security awareness and training program in place for all system users?

– What is true about the trusted computing base in information security?

– Is an organizational information security policy established?

– : Return of Information Security Investment, Are you spending enough?

– Does your company have an information security officer?

Software Engineering Institute Critical Criteria:

Shape Software Engineering Institute results and slay a dragon.

– Have all basic functions of IT Risk Management been defined?

Quantitative research Critical Criteria:

Accumulate Quantitative research visions and drive action.

– What are the disruptive IT Risk Management technologies that enable our organization to radically change our business processes?

– Is there a IT Risk Management Communication plan covering who needs to get what information when?

Annualized Loss Expectancy Critical Criteria:

Explore Annualized Loss Expectancy issues and separate what are the business goals Annualized Loss Expectancy is aiming to achieve.


This quick readiness checklist is a selected resource to help you move forward. Learn more about how to achieve comprehensive insights with the IT Risk Management Automation Self Assessment:


Author: Gerard Blokdijk

CEO at The Art of Service | theartofservice.com



Gerard is the CEO at The Art of Service. He has been providing information technology insights, talks, tools and products to organizations in a wide range of industries for over 25 years. Gerard is a widely recognized and respected information expert. Gerard founded The Art of Service consulting business in 2000. Gerard has authored numerous published books to date.

External links:

To address the criteria in this checklist, these selected resources are provided for sources of further research and information:

IT Risk Management External links:

Magic Quadrant for IT Risk Management Solutions

Home | IT Risk Management

IT Risk Management and Compliance Solutions | Telos

Information security management system External links:

ISO 27001 (Information Security Management System – …

Human resources External links:

myDHR | Maryland Department of Human Resources

UAB – Human Resources – Careers

Department of Human Resources Home – TN.Gov

Security controls External links:

[PDF]Security Controls for Computer Systems (U)

[PDF]Recommended Security Controls for Federal …

SANS Institute – CIS Critical Security Controls

Computer insecurity External links:

ERIC – Computer Insecurity., Chronicle of Higher …

Computer insecurity. — Experts@Minnesota

Computer insecurity – ScienceDaily

Information risk management External links:

netlogx – Information Risk Management Services

Risk Management – information risk management

Information Risk Management Jobs, Employment | Indeed.com

Information security management External links:


Federal Information Security Management Act – CSRC

Information Security Management Provider – Sedara

Standard of Good Practice External links:

[PDF]Getting the best from the isf standard of good practice
www.jerakano.com/docs/247 ISF SOGP Brochure for web.pdf

Business continuity plan External links:

Business Continuity Plan | FEMA.gov

Business Continuity Plan | Northwest Title & Escrow

[PDF]Business Continuity Plan

Information technology External links:

Umail | University Information Technology Services

IUanyWare | University Information Technology Services

OHIO: Office of Information Technology |About Email

International Organization for Standardization External links:

ISO – International Organization for Standardization

ISO – International Organization for Standardization

MDMC – International Organization for Standardization …

Common Vulnerabilities and Exposures External links:

Common Vulnerabilities and Exposures – Official Site

Common Vulnerabilities and Exposures (CVEs) …

Common Vulnerabilities and Exposures (CVE) – …

Chief information officer External links:

Home | Office of the Chief Information Officer

Title Chief Information Officer Jobs, Employment | Indeed.com

Chief Information Officer – CIO Job Description

Incident management External links:

IS-700.A: National Incident Management System (NIMS) …

Incident Management (IM) Working Group Job Titles – fema.gov

VictorOps – DevOps Incident Management & IT Alerting …

Regulatory compliance External links:

Trinity Consultants – Regulatory Compliance …

Webco Environmental – Regulatory Compliance …

DRC – Dental Regulatory Compliance

Professional association External links:

Gregory B. Taylor – Professional Association > Home

[PDF]Professional Association – Texas Secretary of State

Nail McKinney Professional Association – Tupelo, MS …

Risk appetite External links:


Risk Appetite – BrightTALK

[PDF]Risk Appetite Guide All States Except New Jersey

Risk analysis External links:

Risk analysis (Book, 1998) [WorldCat.org]

Risk analysis (eBook, 2015) [WorldCat.org]

What is Risk Analysis? – Definition from Techopedia

Risk management External links:

Risk Management – ue.org

Risk Management Job Titles | Enlighten Jobs

Zurich North America – Insurance and Risk Management

Vulnerability management External links:

Best Vulnerability Management Software in 2017 | G2 Crowd

Vulnerability Management & Risk Intelligence | Kenna Security

IT Baseline Protection Catalogs External links:

IT Baseline Protection Catalogs – WOW.com

Risk factor External links:

Illinois Behavioral Risk Factor Surveillance System – IDPH

Risk IT External links:

Extended Car Warranty Plans | Protect My Car Don’t Risk It

WOULD YOU RISK IT?! | Handless Millionaire – YouTube

Single loss expectancy External links:

Single Loss Expectancy (Definition) – Risky Thinking

SLE abbreviation stands for Single Loss Expectancy

Physical security External links:

Qognify: Big Data Solutions for Physical Security & …

Physical Security | CTTSO

Access Control and Physical Security

ISO/IEC 27005 External links:

PECB Whitepaper – ISO/IEC 27005 by PECB – issuu

Army COOL Snapshot – ISO/IEC 27005 Risk Manager

ISO/IEC 27005 risk management standard – ISO 27001 …

ISO/IEC 27000-series External links:

ISO/IEC 27000-series
The ISO/IEC 27000-series (also known as the ‘ISMS Family of Standards’ or ‘ISO27k’ for short) comprises information security standards published jointly by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC).

Enterprise risk management External links:

Enterprise Risk Management, University of Cincinnati

ERMA – Enterprise Risk Management Academy

[PDF]Guide to Enterprise Risk Management – Office of The …

ISO/IEC 17799 External links:

IS/ISO/IEC 17799: Information Technology_ Code of …

IT risk External links:

Magic Quadrant for IT Risk Management Solutions

Global Information Security and IT Risk Management Firm

Security and IT Risk Intelligence with Behavioral Analytics

Systems Development Life Cycle External links:


Asset management External links:

Digital Asset Management Software – Webdam

Keystone Asset Management

Home | Deutsche Asset Management

Risk assessment External links:

Ground Risk Assessment Tool – United States Army …

Healthy Life HRA | Health Risk Assessment

Hazard Identification and Risk Assessment | FEMA.gov

ISO/IEC 13335 External links:

IS/ISO/IEC 13335-1: Information Technology – Internet Archive

Computer security External links:

Best Computer Security | Security Software Companies| …

Computer Security | Consumer Information

Naked Security – Computer Security News, Advice and …

ISO/IEC 15408 External links:


The Open Group External links:

Customer Service :: The Open Group – Pearson VUE

The Open Group Professional Certifications – Pearson VUE

The Open Group Architecture Framework – Official Site

Health Insurance Portability and Accountability Act External links:

Health Insurance Portability and Accountability Act …

[PDF]Health Insurance Portability and Accountability Act

Health Insurance Portability and Accountability Act …

Best practice External links:

ALTA – Best Practices

Best Practices — Attorneys Title I North Carolina

[PDF]Best Practices 2013

IT Risk Management External links:

Magic Quadrant for IT Risk Management Solutions

Global Information Security and IT Risk Management Firm

Contact Us | IT Risk Management Solutions | TraceSecurity

Laptop theft External links:

[PDF]Survey: IT Security & Laptop Theft

Risk register External links:

Risk Register – TN.Gov

[XLS]Risk Register – Free Project Management Templates

Nickel Institute Risk Register

Security service External links:

myBranch Online Banking Log In | Security Service

Premier Security Inc. – Security Services in Minnesota

Intangible asset External links:

Intangible Asset – Investopedia

CIA triad External links:

CIA Triad – Central Oregon Community College

CIA TRIAD – 13050 – The Cisco Learning Network

what is CIA triad? – 12148 – The Cisco Learning Network

Homeland Security Department External links:

Federal Register :: Agencies – Homeland Security Department

Information security External links:

Title & Settlement Information Security


Information Security

Software Engineering Institute External links:

Software Engineering Institute

Annualized Loss Expectancy External links:

Annualized Loss Expectancy (ALE) – Risky Thinking

The annualized loss expectancy is the product of the annual rate of occurrence (ARO) and the single loss expectancy. ALE = ARO * SLE. For an annual rate of occurrence of one, the annualized loss expectancy is 1 * $25,000, or $25,000.
Reference: en.wikipedia.org/wiki/Annualized_loss_expectancy