IT corporate governance is used for enterprise risk management and best management practices
IT corporate governance is used for enterprise risk management and best management practices. These governance policies and procedures enable the firms to institute best practices as well as be held accountable.
In this Case, you will review the principles of IT governance and information security governance using the practical and regulatory perspectives. First review this ISACA report.
First review
https://www.nist.gov/cyberframework and https://www.itgovernanceusa.com/iso27001-and-nist and https://nvd.nist.gov/800-53 (National Vulnerability Database)
Then review ISACA Case studies on the NIST cyberframework for IT governance:
https://www.isaca.org/resources/cobit/cobit-case-studies
Case Assignment
Using the cyber-framework and the National Vulnerability Database (https://nvd.nist.gov/800-53) along with other related materials noted above, compose a 3- to 5-page paper (not counting the cover and references) on the topic of applying the cyber-framework for Information Security Governance in organizations. Produce a comparative table to show key features of the framework and the risks that are reduced by implementing this framework and assessing vulnerabilities.
address the following issues:
• Security governance principles
• IT governance stakeholders
• IT governance justification to managers
• Role of IT security professionals in terms of governance
Sample Solution
Principles of IT governance- Establish clear roles and responsibilities:Â The first step in IT governance is to establish clear roles and responsibilities for all stakeholders. This includes the board of directors, management, and IT staff.
- Define the scope of IT governance:Â The next step is to define the scope of IT governance. This includes identifying the key areas of IT that need to be governed, such as security, risk management, and compliance.
Full Answer Section
- Develop a governance framework:Â Once the scope of IT governance has been defined, a governance framework can be developed. This framework should include policies, procedures, and standards that will guide the implementation of IT governance.
- Implement the governance framework:Â The governance framework should then be implemented. This includes training staff on the policies, procedures, and standards, and monitoring compliance.
- Review and improve the governance framework:Â The governance framework should be reviewed and improved on an ongoing basis. This is important to ensure that the framework is still effective and that it meets the changing needs of the organization.
- Risk management:Â The first principle of information security governance is risk management. This involves identifying, assessing, and mitigating the risks to information security.
- Compliance:Â The second principle of information security governance is compliance. This involves ensuring that the organization complies with all applicable laws and regulations.
- Awareness and training:Â The third principle of information security governance is awareness and training. This involves ensuring that all staff are aware of the importance of information security and that they are trained on how to protect information.
- Technology and controls:Â The fourth principle of information security governance is technology and controls. This involves implementing appropriate technologies and controls to protect information.
- Monitoring and review:Â The fifth principle of information security governance is monitoring and review. This involves monitoring the effectiveness of the information security program and reviewing it on an ongoing basis.