How do you keep up with the changing IT risk landscape and emerging threats?

2 Monitor and update your IT risk environment

The second step to keep up with the changing IT risk landscape is to monitor and update your IT risk environment regularly. This means staying informed and aware of the latest trends, developments, and threats in the IT domain, such as new technologies, regulations, standards, or best practices. You can use various sources and channels, such as newsletters, podcasts, webinars, or reports, to keep yourself updated and educated on the IT risk landscape. You can also leverage your internal and external stakeholders, such as employees, customers, partners, or regulators, to gather feedback and insights on your IT risk environment.

3 Implement and review your IT risk controls

The third step to keep up with the changing IT risk landscape is to implement and review your IT risk controls periodically. This means designing and executing appropriate measures and actions to prevent, mitigate, or transfer your IT risks, such as policies, procedures, systems, or contracts. You can use various methods and techniques, such as audits, tests, or simulations, to assess the effectiveness and efficiency of your IT risk controls and identify any gaps or weaknesses. You can also use various metrics and indicators, such as key risk indicators (KRIs), key performance indicators (KPIs), or dashboards, to monitor and report on your IT risk performance and outcomes.

4 Learn and improve from your IT risk incidents

The fourth step to keep up with the changing IT risk landscape is to learn and improve from your IT risk incidents. This means analyzing and learning from any IT risk events or issues that occur in your organization, such as incidents, breaches, or losses. You can use various tools and processes, such as root cause analysis, lessons learned, or post-mortems, to understand the causes and consequences of your IT risk incidents and derive actionable recommendations and improvements. You can also use various mechanisms and channels, such as feedback loops, communication plans, or change management, to implement and communicate your IT risk improvements and ensure they are embedded in your IT strategy and culture.

5 Collaborate and innovate with your IT risk stakeholders

The fifth step to keep up with the changing IT risk landscape is to collaborate and innovate with your IT risk stakeholders. This means engaging and involving your internal and external stakeholders, such as business units, functions, or vendors, in your IT risk management process and activities. You can use various methods and platforms, such as workshops, surveys, or forums, to solicit and share ideas, opinions, or experiences on your IT risk challenges and opportunities. You can also use various models and approaches, such as agile, lean, or design thinking, to co-create and co-deliver innovative and effective IT risk solutions and value propositions.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?