IT-GRC: Who is and who is not

Marc Othersen

A message for IT-GRC vendors:  I am constantly bombarded by vendors touting "I have an IT-GRC solution for you to look at!"  Since I cover the IT-GRC space, I naturally am interested. In many cases, my interest quickly turns to disdain after the vendor product demo.  Why?

Simply, most IT-GRC "vendors" are not IT-GRC vendors. An IT-GRC vendor, by our definition, automates the governance, risk, and compliance lifecycles to provide seamless integration and data sharing.  Most of the IT-GRC "vendors" I get briefed on automate IT controls, not IT-GRC lifecycles. For example, Brabeion automates policy management (a governance process), the testing of IT controls (a compliance process), and the assessment of IT risks (a risk process). Brabeion, therefore, is an IT-GRC vendor. Sun Microststems' identity and access management product automates access controls and NetIQ's SIEM product automates event monitoring controls.  Neither of these companies are IT-GRC vendors or have IT-GRC products.

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IT Risk Management

Marc Othersen

IT risk management is a nebulous topic at best. There are many different ideas as to what risk means and how it should to be applied within an IT organization. In an effort to bring some consistency and clarity to this discipline, Forrester is developing an IT risk management framework. Once developed, the framework will help IT organizations identify major risk areas, identify scenarios linking risks and controls, and establish a common risk language to clearly communicate with business leaders.

In order for the framework to have a solid risk-based foundation we will be using many of the principles of COSO. In particular, the framework will be based on event identification, risk assessment, risk response, and control activities. The IT context is established by utilizing the ITIL framework for IT service delivery. IT services are used to identify risk events. Scenarios are developed for each identified risk outlining the actions necessary to realize the risk. Controls are then mapped to each scenario to either prevent or detect the actions.

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The Hannaford PCI Fallout

Marc Othersen

By now, most people have heard about the data breach at Hannaford. Here are some thoughts regarding potential fallout:

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