????Beyond Checkboxes: ???Rethinking Technology Risk Management
Abhishek M.
Human in the loop for better security ? Sr. Risk & Security Manager @Amazon (ex-EY) ? Building the 1% security leaders-community??
??Remember when annual risk assessments were enough?
That world is gone?? ??
????♂?Based on 2024 industry reports, while 76% of organizations still rely on traditional risk frameworks, the most secure companies have moved beyond checkboxes to dynamic risk management.
Let's explore why - and more importantly, how you can make this shift without overwhelming your team.??????
1?? The Evolution Challenge:
Traditional approaches made sense in a slower world (90s). But consider this:
The gap between traditional frameworks and modern reality isn't just inconvenient - it's dangerous! ??
2?? Framework Reality Check
Today's most widely used Cybersecurity, and IT governance frameworks are :
But here's what they don't tell you: These frameworks are starting points, not solutions. They're maps, not vehicles.
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3?? The Modern Technology Risk Approach
In today's rapidly evolving technology landscape, success demands more than just following frameworks - it requires a fundamental shift in how we think about and manage risk. Modern risk management must be as dynamic as the threats we face and as agile as the businesses we protect.
Here's the critical part many miss: implementing these changes doesn't require a complete overhaul of your existing processes. Instead, it's about strategic evolution - making your current approach more responsive, connected, and efficient.
4 ?? Practical Takeaways
Start your transformation with these three steps:
1. Assessment Evolution
- Map 1?? critical process
领英推荐
- Identify real-time monitoring points ??
- Set up basic automated alerts ??
2. Control Dynamics
- Choose 1?? static control
- Add monitoring capability ??
- Create response triggers?
3. Integration Focus
- Connect risk data to business metrics ??
- Establish feedback loops ??
- Enable automated responses. ∞
﹩My 2 cents- Modernizing risk management isn't about implementing every new tool or abandoning tried-and-true practices. The biggest risk is trying to do too much, too fast. Start small ?? prove value ?? scale as fit.
??Thanks for munching DeRisked today.
??Abhishek M
Risk & Security Innovator.
??Subscribe to my free newsletter (DeRisked) for practical, battle-tested approaches on risk, security, and productivity!
?? Coming Next Week: (Don't miss next week's practical guide)
"The Only Risk Assessment Framework You'll Need in 2024" - where I'll break down:
?? How to build a framework that actually works in today's fast-paced tech-industry
?? Which metrics truly matter (and which ones to skip)
?? A step-by-step guide to implementation
?? Free assessment template included!
Sr Security Partner
5 个月Attackers only need to win once. Defenders need to win every time. Without constance and timely feedback about our environment, we risk reacting to inaccurate and out-dated information. Insightful post.
Engineering Leader at Amazon FinTech
5 个月I agree Abhishek M., today’s threat landscape is very different from how it was in the late 90s and early 2000s from both security and compliance perspectives. We ought to be building technology solutions which are continuously updating and monitoring threat vectors.
Consulting Organizations to build/enhance Processes & Applications | I bridge the gap between business & technology | Optimization & Automation enthusiast
5 个月Insightful