Governance and Compliance

GRC Triad: Governance, Risk, and Compliance.

Governance

Governance: Strategic leadership, structures, and processes that ensure an organizations IT infrastructure aligns with its business objectives.

Monitoring: Regularly reviewing and assessing the effectiveness of the governance framework.

Revision: Updating the governance framework to address these gaps or weaknesses.

You must use monitoring and governance to stay up-to-date with regulatory, cultural, and technological changes.

Governance Structures

Board of Directories: Group of individuals elected by shareholders to oversee the management of an organization.

Committee: Subgroups of a board of directories each with a specific focus (e.g., cybersecurity committee).

Government Entities: Establish laws and regulations that organizations must comply with (e.g., FTC).

Centralized Structures: Decision-making authority concentrated at the top levels of management.

Decentralized Structures: Distributes decision-making authority throughout the organization.

Whether an organization is centralized or decentralized depends largely on the organization, goals, and size.

Policies

Acceptable Use Policy (AUP)

Outlines dos and don’ts for users interacting with an organizations IT systems and resources.

Information Security Policies

Outline how an organization protects its information assets from internal and external threats.

Business Continuity

Focuses on how an organization continues critical operations during and after a disruption.

Disaster Recovery

Focused specifically on how an organization will recovers its IT systems and data after a disaster.

Incident Response

Plan for handling security incidents.

Software Development Lifecycle (SDLC)

Guides how software is developed within an organization.

Change Management

Aims to ensure that changes are implemented in a controlled and coordinated manner, minimizing risk of disruptions.

Standards

Provide a framework for implementing security measures, ensuring all aspects of an organizations security posture are addressed.

Password Standards: Dictate complexity and management of passwords.

Access Control Standards: Determine who has access to what in an organization.

These standards may also cover principles of least privilege and separation of duties.

Physical Security Standards: Physical measures taken to protect and organizations assets and information.

Encryption Standards: Ensure that intercepted data remains unreadable and secure.

Procedures

Systematic sequences of actions or steps taken to achieve a specific outcome.

Emergency Evacuation Procedure: Outlines steps employees should take in case of an emergency, such as fire or natural disaster.

Data Backup Procedure: Details how and when data should be backed up to prevent data loss.

Change Management: Systematic approach to dealing with changes within an organization.

  1. Need for change is identified, potential impacts assessed.
  2. Plan is developed.
  3. Change is implemented in stages.
  4. A review is conducted.

Onboarding: Process of integrating new employees.

Offboarding: Process of managing transition when employee leaves.

Playbooks: Checklist of actions to perform to detect and respond to a specific type of incident.

Governance Considerations

Regulatory Considerations

Cover wide range of areas from data protection and privacy to environmental standards and labor laws (e.g., GDPR). Non-compliance can result in severe penalties.

Closely tied to regulatory, but also encompass contract law, intellectual property, and corporate law.

Industry Considerations

Specific standards and practices prevalent in a particular industry.

Geographical Boundaries

Local, regional, national, and global regulations.

Compliance

Compliance Reporting

Systematic process of collecting and presenting data to demonstrate adherence to compliance requirements.

Compliance Monitoring

Process of regularly reviewing and analyzing and organizations operations to ensure compliance with laws, regulations, and internal policies.

Automation in Compliance

Can streamline data collection, improve accuracy, and provide real time compliance monitoring.

Non-compliance Consequences