+Risk Management Policy

Risk Management Policy

Description

Mechanisms exist to establish a formal, documented risk management policy that:
(1) Conveys executive management's intent;
(2) Provides organizational direction and expected behaviors;
(3) Is reviewed at least annually; and
(4) Is updated, as necessary, to adapt to evolving risks, threats and other changes that affect the organization.

Possible Solutions & Considerations

Micro-Small Business (<10 staff) / BLS Firm Size Classes 1-2

∙ ComplianceForge - Security, Compliance & Resilience Program (SCRP) (https://complianceforge.com)
∙ Executive-approved written policy with documented annual review

Small Business (10-49 staff) / BLS Firm Size Classes 3-4

∙ ComplianceForge - Security, Compliance & Resilience Program (SCRP) (https://complianceforge.com)
∙ Executive-approved written policy with documented annual review
∙ Policy acknowledgement tracking (e.g., HR onboarding records)

Medium Business (50-249 staff) / BLS Firm Size Classes 5-6

∙ ComplianceForge - Security, Compliance & Resilience Program (SCRP) (https://complianceforge.com)
∙ GRC solution (e.g., SCFConnect, Cyturus, SureCloud, SimpleRisk, Ignyte, ZenGRC, Galvanize, MetricStream, Archer, etc.) for policy lifecycle management
∙ Documented annual policy review with version control

Large Business (250-999 staff) / BLS Firm Size Classes 7-8

∙ ComplianceForge - Security, Compliance & Resilience Program (SCRP) (https://complianceforge.com)
∙ GRC solution (e.g., SCFConnect, Cyturus, SureCloud, SimpleRisk, Ignyte, ZenGRC, Galvanize, MetricStream, Archer, etc.) for policy lifecycle management
∙ Policy governance committee with formal annual review and approval workflow
∙ Automated policy attestation and acknowledgement tracking

Enterprise (> 1,000 staff) / BLS Firm Size Class 9

∙ Steering committee
∙ ComplianceForge - Security, Compliance & Resilience Program (SCRP) (https://complianceforge.com)
∙ Enterprise GRC platform (e.g., Cyturus, Archer, MetricStream, ServiceNow IRM) for policy lifecycle management
∙ Automated policy attestation, exception tracking and change history
∙ Annual executive approval and board-level reporting

SCR-CMM

Level 0 Not Performed

Practices are non-existent, based on the inability to demonstrate an implemented and operational capability. A reasonable person would conclude the control is not being performed.

Level 1 Performed Informally

SCR-CMM Level 1 criteria definitions are not available for this control:
▪ A reasonable person would conclude this control requires a structured process.
▪ At this level of maturity, the "ad hoc" nature of performing a capability informally would indicate the intent of the control is not met due to a lack of consistency and formality.

Level 2 Planned Tracked

Risk Management (RSK) capabilities are requirements-driven, but are not standardized across the entity (e.g., local/regional level consistency). Capability criteria associated with this control reasonably expect the following criteria to exist:
▪ Policies and standards associated with RSK domain capabilities are formally documented and centrally-managed by the entity.
▪ Standardized Operating Procedures (SOP) associated with RSK domain capabilities are documented and maintained by process owners.
▪ IT and/or cybersecurity personnel work with business stakeholders and process owners to appropriately scope and reasonably implement cybersecurity and data protection controls associated with RSK domain capabilities to address applicable statutory, regulatory and/or contractual requirements for Technology Assets, Applications, Services and/or Data (TAASD).
▪ Risk management-related controls are primarily administrative and preventative in nature (e.g., policies, standards and procedures & guidelines).
▪ Risk management may be a defined function (e.g., team or department) or assigned as an additional duty to existing IT and/or cybersecurity personnel.

Level 3 Well Defined

Risk Management (RSK) capabilities are standardized across the entity for applicability to People, Processes, Technologies, Data and/or Facilities (PPTDF) to ensure consistency for Technology Assets, Applications, Services and/or Data (TAASD). Capability criteria associated with this control reasonably expect the following criteria to exist:
▪ Policies and standards associated with RSK domain capabilities are formally documented and centrally-managed by the entity's Governance, Risk & Compliance (GRC) team, or similar function.
▪ Standardized Operating Procedures (SOP) associated with RSK domain capabilities are well-documented and kept current by process owners.
▪ A risk management team, or similar function, is appropriately staffed and supported to implement and maintain RSK domain capabilities.
▪ Technology is leveraged to enhance the efficiency and accuracy of risk management operations (e.g., risk management solution, GRC platform and TPRM tool).
▪ The entity's Governance, Risk & Compliance (GRC) team, or similar function, works with business stakeholders and process owners to appropriately scope and reasonably implement cybersecurity and data protection controls associated with RSK domain capabilities to address Minimum Compliance Requirements (MCR) (e.g., applicable statutory, regulatory and/or contractual requirements) and Discretionary Security Requirements (DSR) (e.g., entity-required controls).

Level 4 Quantitatively Controlled

Utilize SCR-CMM Level 3 criteria definitions:
▪ There are no defined Level 4 criteria, since it is reasonable to assume a quantitatively-controlled process is not necessary to operationalize this control.
▪ While it may be possible to develop “metrics-driven” capabilities for this control, the criteria would be organization-specific to define.

Level 5 Continuously Improving

Utilize SCR-CMM Level 3 or Level 4 (if available) criteria definitions:
▪ There are no defined Level 5 criteria, since it is reasonable to assume a continuously-improving process is not necessary to operationalize this control.
▪ Level 5 capabilities should be considered “world-class” where the control builds on Level 4 capabilities, but are continuously improving through Artificial Intelligence (AI) and/or Machine Learning (ML) technologies.
▪ While it may be possible to develop responsive capabilities for this control through the use of AI and/or ML technologies, the criteria would be organization-specific to define.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Rialacháin ghaolmhara

2. Ceanglais aitheanta

Ceanglais

3. Rialacháin ghaolmhara

Rialacháin
EULAW Airteagal 6 1

1.   Beidh creat bainistíochta riosca TFC atá fónta, cuimsitheach agus dea-dhoiciméadaithe ag eintitis airgeadais mar chuid dá gcóras foriomlán bainistíochta riosca, rud a chuireann ar a gcumas aghaidh a thabhairt ar riosca TFC go tapa, go héifeachtach agus go cuimsitheach agus ardleibhéal athléimneachta digití oibríochtúla a áirithiú.
EULAW Airteagal 6 2

2.   Áireofar ar chreat bainistíochta riosca TFC ar a laghad straitéisí, beartais, nósanna imeachta, prótacail agus uirlisí TFC atá riachtanach chun an chosaint chuí leordhóthanach a thabhairt do na sócmhainní faisnéise agus sócmhainní TFC uile, lena n-áirítear bogearraí, crua-earraí agus freastalaithe ríomhairí, agus chun cosaint a thabhairt do na comhpháirteanna agus na bonneagair ábhartha fhisiciúla uile, amhail áitribh, lárionaid sonraí agus limistéir ainmnithe íogaire, chun a áirithiú go mbeidh cosaint leordhóthanach ag na sócmhainní faisnéise agus sócmhainní TFC go léir ar rioscaí lena n-áirítear damáiste agus rochtain nó úsáid neamhúdaraithe.
EULAW Airteagal 6 3

3.   I gcomhréir lena gcreat bainistíochta riosca TFC, déanfaidh eintitis airgeadais tionchar riosca TFC a íoslaghdú trí leas a bhaint as straitéisí, beartais, nósanna imeachta, prótacail agus uirlisí TFC iomchuí. Soláthróidh siad faisnéis iomlán atá cothrom le dáta maidir le riosca TFC agus maidir lena gcreat bainistíochta riosca TFC do na húdaráis inniúla arna iarraidh sin dóibh.
EULAW Airteagal 6 4

4.   Déanfaidh eintitis airgeadais, nach micrifhiontair iad, an fhreagracht as bainistiú agus maoirseacht a dhéanamh ar riosca TFC a shannadh d’fheidhm rialaithe agus áiritheoidh siad leibhéal iomchuí neamhspleáchas na feidhme rialaithe sin chun coinbhleachtaí leasa a sheachaint. Áiritheoidh eintitis airgeadais leithscaradh agus neamhspleáchas iomchuí fheidhmeanna bainistíochta riosca TFC, feidhmeanna rialála, agus feidhmeanna iniúchta inmheánaigh, de réir na samhla ‘trí phríomhchosaint’, nó de réir samhail inmheánach bainistíochta riosca agus rialála.
EULAW Airteagal 6 5

5.   Déanfar creat bainistíochta riosca TFC a dhoiciméadú agus a athbhreithniú aon uair amháin sa bhliain ar a laghad, nó go tréimhsiúil i gcás micrifhiontar agus i gcás aon mhórtheagmhais a bhaineann le TFC, agus tar éis treoracha maoirseachta nó conclúidí a thagann as tástáil ábhartha maidir le hathléimneacht dhigiteach oibríochtúil nó próisis iniúchóireachta ábhartha. Cuirfear feabhas leanúnach ar an gcreat ar bhonn na gceachtanna a eascraíonn as cur chun feidhme agus faireachán. Cuirfear tuarascáil ar an athbhreithniú ar chreat bainistíochta riosca TFC faoi bhráid an údaráis inniúil arna iarraidh sin dó.
EULAW Airteagal 6 6

6.   Beidh creat bainistíochta riosca TFC de chuid na heintitis airgeadais, nach micrifhiontair iad, faoi réir iniúchta inmheánaigh a dhéanfaidh iniúchóirí ar bhonn rialta i gcomhréir le plean iniúchta na n-eintiteas airgeadais. Beidh an t-eolas, na scileanna agus an saineolas leordhóthanach ag na hiniúchóirí sin i ndáil le riosca TFC, chomh maith leis an neamhspleáchas iomchuí. Beidh minicíocht agus béim iniúchtaí TFC i gcomhréir le riosca TFC na heintitis airgeadais.
EULAW Airteagal 6 7

7.   Bunaithe ar na conclúidí ón athbhreithniú inmheánach ar an iniúchadh, bunóidh na heintiteas airgeadais próiseas foirmiúil leantach, lena n-áirítear rialacha maidir le fíorú agus réiteach tráthúil torthaí criticiúla ó iniúchadh TFC.
EULAW Airteagal 6 8

8.   Beidh straitéis athléimneachta digití oibríochtúla ina leagfar síos an chaoi a gcuirfear an creat chun feidhme mar chuid den chreat bainistíochta riosca TFC. Chuige sin, áireofar sa straitéis athléimneachta digití oibríochtúla na modhanna chun aghaidh a thabhairt ar riosca TFC agus cuspóirí sonracha TFC a bhaint amach mar a leanas:

(a)

an chaoi lena dtacaítear creat bainistíochta riosca TFC le straitéis agus cuspóirí gnó an eintitis airgeadais a mhíniú;

(b)

an leibhéal lamháltais riosca maidir le riosca TFC a leagan síos, i gcomhréir le hinghlacthacht riosca an eintitis airgeadais, agus anailís ar lamháltas tionchair le haghaidh bristeacha TFC;

(c)

cuspóirí soiléire a leagan amach i gcomhair na slándála faisnéise, lena n-áirítear na príomhtháscairí feidhmíochta agus na príomh-mhéadrachtaí riosca;

(d)

míniú a thabhairt ar an ailtireacht tagartha TFC agus ar aon athruithe a bhfuil gá leo chun cuspóirí sonracha gnó a bhaint amach;

(e)

achoimre ar na sásraí éagsúla a cuireadh i bhfeidhm chun teagmhais a bhaineann le TFC a bhrath, a dtionchar a chosc agus cosaint ina choinne a chur ar fáil;

(f)

an staid reatha maidir le hathléimneacht dhigiteach oibríochtúil a léiriú ar bhonn líon na mórtheagmhas a bhaineann le TFC tuairiscithe maille le héifeachtacht na mbeart coiscthe;

(g)

tástáil athléimneachta digití oibríochtúla a chur chun feidhme, i gcomhréir le Caibidil IV den Rialachán seo;

(h)

achoimre a thabhairt ar straitéis cumarsáide i gcás teagmhais a bhaineann le TFC, nach mór a nochtadh i gcomhréir le hAirteagal 14.
EULAW Airteagal 6 9

9.   Féadfaidh na heintitis airgeadais, i gcomhthéacs na straitéise athléimneachta digití oibríochtúla dá dtagraítear i mír 8, straitéis iomlánaíoch ildíoltóirí TFC a shainiú, ar leibhéal grúpa nó leibhéal eintiteas, ina léirítear na príomhspleáchais ar sholáthraithe seirbhísí TFC tríú páirtí agus ina mínítear an réasúnaíocht ba bhun leis an meascán soláthraithe seirbhísí TFC tríú páirtí ó thaobh soláthair de.
EULAW Airteagal 6 10

10.   Féadfaidh eintitis airgeadais, i gcomhréir le dlí an Aontais agus leis an dlí earnála náisiúnta, na tascanna maidir le fíorú a dhéanamh ar chomhlíontacht na gceanglas bainistíochta riosca TFC a sheachfhoinsiú chuig gnóthais inghrúpa nó sheachtracha. I gcás seachfhoinsithe den sórt sin, leanfaidh an t-eintiteas airgeadais de bheith freagrach go hiomlán as comhlíonadh na gceanglas maidir le bainistíocht riosca TFC a fhíorú.
EULAW Airteagal 11 6

6.   Mar chuid dá mbainistíocht chuimsitheach riosca TFC, déanfaidh eintitis airgeadais na nithe seo a leanas:

(a)

pleananna leanúnachais gnó TFC agus pleananna freagartha agus athshlánaithe TFC a thástáil i ndáil le córais TFC lena dtacaítear leis na feidhmeanna uile ar bhonn bliantúil ar a laghad, agus i gcás aon mhórathruithe ar chórais TFC lena dtacaítear le feidhmeanna criticiúla nó tábhachtacha;

(b)

tástáil ar na pleananna cumarsáide géarchéime a bhunaítear i gcomhréir le hAirteagal 14.

Chun críocha na chéad fhomhíre, pointe (a), áireoidh eintitis airgeadais, nach micrifhiontair iad, sna pleananna tástála faoi chásanna cibirionsaithe agus lascaistrithe idir príomhbhonneagar TFC agus an acmhainneacht iomarcach, cúltacaí agus saoráidí iomarcacha is gá chun na hoibleagáidí a leagtar amach in Airteagal 12 a chomhlíonadh.

Athbhreithneoidh eintitis airgeadais a mbeartas leanúnachais gnó TFC agus a bpleananna freagartha agus athshlánaithe TFC go tráthrialta agus torthaí na dtástálacha, arna ndéanamh i gcomhréir leis an gcéad fhomhír agus le moltaí a eascraíonn as seiceálacha iniúchta nó athbhreithnithe maoirseachta, á gcur san áireamh.
EULAW Airteagal 32 Slándáil na próiseála
-
EULAW Airteagal 21 Bearta bainistíochta riosca cibearshlándála
-

Saincheisteanna nasctha

Naisc
is related to Annual
is related to relative Control Weighting = 10
is related to Process
is related to Govern
is related to SCRM Focus Tier 1 STRATEGIC
is related to SCRM Focus Tier 2 OPERATIONAL
is related to SCRM Focus Tier 3 TACTICAL
blocks Loss of Accountability / Attribution
blocks Excessive or Unauthorized Privilege
blocks Unauthorized Privilege Elevation
blocks Unauthorized Access
blocks Loss, Theft or Damage of Assets
blocks Unauthorized Modification / Loss of System Integrity
blocks Business / Service Interruption
blocks Data Loss / Integrity Compromise
blocks Reduced Operational Productivity
blocks System / Data Compromise (Technical Vector)
blocks System / Data Compromise (Non-Technical Vector)
blocks Revenue Loss
blocks Contractual Default / Termination
blocks Loss of Competitive Advantage
blocks Reputational Harm / Loss of Stakeholder Trust
blocks Regulatory / Legal / Contractual Financial Liability
blocks Exposure from Unaddressed Vulnerabilities
blocks System / Service Compromise
blocks Failure to Support Business / Mission Objectives
blocks Unaddressed Security / Compliance Exposure
blocks Unperformed / Unowned Control Responsibilities
blocks Uncontrolled Internal Security / Privacy Exposure
blocks Uncontrolled Third-Party Security / Privacy Exposure
blocks Lack of oversight of internal controls
blocks Lack of oversight of third-party controls
blocks Harm from Illegal, Abusive or Unsafe Content / Conduct
blocks Loss of Investigative / Evidentiary Capability
blocks Delayed Containment / Increased Incident Impact
blocks Incident Persistence / Recurrence
blocks Incident Response / Recovery Cost
blocks Undetected / Delayed Detection of Adverse Activity
blocks Lack of a security-minded workforce
blocks Third-Party Cybersecurity Compromise / Exposure
blocks Third-Party Physical Security Disruption / Exposure
blocks Sub-Tier / Fourth-Party Supply Chain Exposure
blocks Third-Party Legal / Compliance Exposure
blocks Harm from Unauthorized / Unintended Product or Service Use
blocks Third-Party Dependency Failure
blocks Loss of Authorization / Certification / License
blocks Inability to Demonstrate Due Diligence / Due Care
blocks Unreliable Assurance / Decision Information
blocks Drought & Water Shortage
blocks Earthquakes
blocks Fire & Wildfires
blocks Floods
blocks Hurricanes & Tropical Storms
blocks Landslides & Debris Flow
blocks Pandemic (Disease) Outbreaks
blocks Severe Weather
blocks Space Weather
blocks Thunderstorms & Lightning
blocks Tornadoes
blocks Tsunamis
blocks Volcanoes
blocks Winter Storms & Extreme Cold
blocks Dysfunctional Management Practices
blocks Human Error
blocks Statutory / Regulatory / Contractual Change
blocks Fraud, Corruption and/or Intentional Criminal Conduct
blocks Conflict of Interest (COI) / Undue Influence / Insider Misconduct
blocks Economic Shock / Market Disruption
blocks Workforce Shortage / Loss of Critical Skills / Labor Disruption
blocks OIS-07.01B
blocks Loss of Authorization / Certification / License
blocks Inability to Demonstrate Due Diligence / Due Care
blocks Unreliable Assurance / Decision Information
blocks Drought & Water Shortage
blocks Earthquakes
blocks Fire & Wildfires
blocks Floods
blocks Hurricanes & Tropical Storms
blocks Landslides & Debris Flow
blocks Pandemic (Disease) Outbreaks
blocks Severe Weather
blocks Space Weather
blocks Thunderstorms & Lightning
blocks Tornadoes
blocks Tsunamis
blocks Volcanoes
blocks Winter Storms & Extreme Cold
blocks Dysfunctional Management Practices
blocks Human Error
blocks Statutory / Regulatory / Contractual Change
blocks Fraud, Corruption and/or Intentional Criminal Conduct
blocks Conflict of Interest (COI) / Undue Influence / Insider Misconduct
blocks Economic Shock / Market Disruption
blocks Workforce Shortage / Loss of Critical Skills / Labor Disruption
blocks OIS-07.01B
is blocked by RSK-01 Risk Management Policy – Assessment Procedure
blocks GV GOVERN
blocks GV.PO-02 Policy for managing cybersecurity risks is reviewed, updated, communicated, and enforced to reflect changes in requirements, threats, technology, and …
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    The SCF is more than just a unified control catalog, since its included content creates a playbook for Governance, Risk & Compliance (GRC) capabilities. Used globally by organizations of every size, the SCF is a robust and scalable solution for security, compliance and resilience controls. As a comprehensive security framework, the SCF maps 1,400+ controls across 200+ laws, regulations, and industry frameworks so you can implement once and comply everywhere.

    Like it or not, cybersecurity is a protracted war on an asymmetric battlefield, where the threats are everywhere and as defenders we have to make the effort to work together to help improve cybersecurity and data privacy practices, since we all suffer when massive data breaches occur or when cyber attacks have physical impacts. Hackers share information on attack methods with other hackers, so why shouldn’t the good guys share information on how to best protect an organization? We decided to take action and make a difference, since we feel it is too important to wait for someone else to fix the problems that exist.

    The SCF is made up of volunteers, mainly specialists within the cybersecurity profession, who focus on GRC and the cybersecurity side of data privacy. These are auditors, engineers, architects, incident responders, consultants and other specialists who live and breathe these topics on a daily basis. The end product is "expert-derived content" that makes up the SCF." https://securecontrolsframework.com/ 

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