Gartner Research

Eight Practical Tips to Link Risk and Security to Corporate Performance

Published: 07 August 2014

ID: G00264758

Analyst(s): Paul Proctor

Summary

CISOs and risk officers struggle with how to link risk management efforts in security, privacy, business continuity and compliance to the value they provide at line-of-business and executive levels. We provide eight tips to communicate benefits to executive decision makers.

Table Of Contents

Analysis

  • Introduction
  • Tip No. 1: Formalize an IT Risk and Security Program
  • Tip No. 2: Measure Your Program's Maturity
  • Tip No. 3: Use a Risk-Based Approach
  • Tip No. 4: Use Leading Indicators of Risk Conditions
  • Tip No. 5: Map Key Risk Indicators to Key Performance Indicators
  • Tip No. 6: Link Risk Initiatives to Corporate Goals
    • Case Study: A Power Utility Aligns Security Risk With Business Strategy
  • Tip No. 7: Don't Use Operational Metrics in Executive Communications
  • Tip No. 8: Communicate to Executives, Emphasizing What Works and What Doesn't
    • Step 1: Develop a Process Catalog
    • Step 2: Assess Process Maturity
    • Step 3: Develop a Process-Maturity-Based Risk Report
    • Step 4: Decompose the Gaps Into Projects
    • Step 5: Develop a Strategic Plan
    • Step 6: Issue Quarterly Reports

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