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Research on Enterprise Risk Management
Research on Enterprise Risk Management
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The Chief Security Officer (CSO) position requires the capability to understand complex business issues and articulate the context of projects and processes to senior executives, the Board, customers, and industry leaders and as such will possess strong skill sets in security, technology and business management. Primarily responsible for ensuring the effective protection of the company and its customers the CSO is responsible for managing security risks to ensure compliance with regulatory requirements while affirming business trust with its customers. To accomplish this task the CSO will oversee security operations, information and assets. Qualified candidates must be a US Citizen and have the ability to obtain a US Security Clearance.
RESPONSIBILITIES
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Provide security updates and communications to C-Suite Executives and the Board of Directors.
6. Lead the Information & Product Security teams of 50 employees and 22 contractors and manage a budget of over $25M.
7. Manage security engineering, tooling and enablement for product development teams to embed security throughout the development, staging and production lifecycle
8. Oversee the overall strategy and execution for the compliance program to include ISO 27001, SOC2, SOX, GDPR and other regulatory data handling certifications.
9. In partnership with the General Counsel's Office, assure compliance with regional, national, and state data privacy regulations, including development of litigation e-Discovery capabilities.
10. Identify and implement a risk management framework that ensures appropriate application of risk-based controls.
11. Participate in enterprise risk management process advising senior management of technology risk. Develop and drive risk mitigation and remediation plans.
12. Identify security technologies and trends ensuring the computing environment keeps pace with technological change and innovation.
13. Manage vendor relationships with security services suppliers, including traditional product and service vendor, managed service supplier, and SaaS supplier
Any time the company is looking into software project, there are areas associated with risk such as cost, time and relationship with suppliers. However, for Harley-Davidson, “collocation of suppliers with production facilities and their integration into company’s development process was the essential part of long-term relationship development”. Through a continued focus on collaboration and strong supplier relationships, the company could position itself to achieve strategic objectives and deliver cost and quality improvement over the long-term. Since, at that time company had no centralized system in place to handle relationship with suppliers and consequently, most of company’s time was spent on supplier management activities. For example, reviewing inventory, expediting and data entry. Furthermore, each supplier had different information systems for “Maintenance, Repair, and Operations (MRO), Original Equipment (OE), Parts and Accessories (P&A), and General Merchandising (GM) purchasing activities”. The systems, already provided by supplier, had to be further modified to meet individual need at each location, such as “the OE system at Harley-Davidson’s York, Pennsylvania site was different from the OE system in Kansas City”. However, due to long-standing tradition of gradual change implementation and focus on quality, quick transitions were unwelcome and did not come easy for the company. The size of the project determined how much risk was involved in terms of cost, time, and supplier relationships. The idea of switching to global purchasing system was seen as a threat not only in supplies and production flow interruption, but also in damaged dealer/customer relationships and lost sales. Furthermore, failure of the sy...
National Institute of Standards and Technology (NIST): Risk Management Guide for Information Technology Systems. Special Publication 800-30, 2002.
ensure the protection of the Company's legitimate business interests, including corporate opportunities, assets and confidential information; and
In the previous paragraph, I only mentioned Information security analyst’s main priority. I will now go over all of their tasks. Information security analysts will install and use software, such as firewalls and data encryption programs. This will keep vital information
Whitman, M., & Mattord, H. (2010). Management of information security. (3rd ed., p. 6). Boston, MA: Cengage Learning.
Security helps the organization meet its business objectives or mission by protecting its physical and financial resources, reputation, legal position, employees, and other tangible and intangible assets through the selection and application of appropriate safeguards. Businesses should establish roles and responsibilities of all personnel and staff members. However, a Chief Information Officer should be appointed to direct an organization’s day to day management of information assets. Supporting roles are performed by the service providers and include systems operations, whose personnel design and operate the computer systems. Each team member must be held accountable in ensuring all of the rules and policies are being followed, as well as, understanding their roles, responsibilities and functions. Organizations information processing systems are vulnerable to many threats that can inflict various types of damage that can result in significant losses (Harris, 2014). Losses can come from actions from trusted employees that defraud the system, outside hackers, or from careless data entry. The major threat to information protection is error and omissions that data entry personnel, users, system operators and programmers make. To better protect business information resources, organizations should conduct a risk analysis to see what
As a team we routinely provide complete security services including: assessments, penetration tests, policy creation and regulatory compliance assistance. Currently we have two ongoing contracts to provide managed security
National Security Council: The National Security Council (NSC) is a department that help the president to consider, find out solution and solve the nation’s security and foreign policy. It plays a part of the Executive Office. Vice president: is a person who rank just below president, president advisor, can have power like a president if president not at the office or absence. He also can become president if president can no longer serve.
In my current role, I have served many roles within risk management. As a Risk Manager in the Operations & Systems department, I facilitated IT risk assessments, prepared units for audit reviews and monitored business line progress on mitigation tasks. As I took more senior roles, I led many initiatives
Management- private security manager is answerable and accountable for improving definite programs in training security employees or pe...
b) Aware of risks levels and how to control it to decreases mitigate risks c) Establish Safe Work Environment and communicate to every staff to encourage safe work practices 2.1.3.2 Work
Risk mitigation is also the process of controlling actions, which are identified, and selecting the suitable ones to reduce risk according to project objectives (Pa, 2015). Risk mitigation is important in IT organizations in so many ways. According to Ahdieh, Hashemitaba, Ow (2012), mitigation of risk provides a mechanism for managers to handle risk effectively by providing the step wise execution of the risk handling (as cited in Pa, 2015, pg. 49). Some risks, once identified, can readily be eliminated or reduced. However, most risks are much more difficult to mitigate, particularly high-impact, low-probability risks. Therefore, risk mitigation and control need to be long-term efforts by IT project managers throughout the project lifecycle. There are three types of risk mitigation strategies that hold unique to Business Continuity and Disaster
As pointed by Parsons A.L (2002), there was increasing dependent on the relationship and customers is demanding to receive high standard of products and services for them to sustain the business in the intense manufacturing environment. Besides, Xu et al. (2008) has highlighted that supplier is developing a long-term relationship with their crucial suppliers to increase the competitiveness and to establish an effective and efficient supply chain. Trend (2005) also mentioned that work closely in partnership with suppliers is the only way to survive in today’s competitive business environment.
The purpose of risk management is to protect an organization’s valuable assets information, hardware, and software. The purpose of risk management process is to identify and manage risks in such a way that a company is able to meet its strategic and financial targets. Risk management is a continuous process, by which the major risks are identified, listed and assessed, the key persons in charge of risk management are appointed and risks are prioritized according to an assessment scale in order to compare the effects and mutual significance of risks. It is very important that the organizations and business to be very well prepared to see what kind of risk we are facing, or the business can suffer in case of a major disaster.
Network management planning and security planning involves identifying the best and most appropriate systems and hardware that the firm can use to better manage network and plan security systems. Therefore, the management required me to examine the best software and hardware systems in the market place that the company can adopt to enable it to manage the network and security. The management required me to advice on the implementation procedure of various plans that are going to be adopted. My responsibility also involved finding out or predicting the impact of the plan on the future operations. They required me to evaluate the challenges the company might face while adopting the changes in the network management plan and security plans.