Cybersecurity Risk Management: Ask This;

Cybersecurity Risk Management: Ask This;

TLDR: Ask This;

1. Does the board have regular briefings on the evolving Cybersecurity threat environment and how the Cybersecurity risk management program is adapting?

2. Where does a multidisciplinary approach to device cybersecurity risk management make sense?

3. How is your organizations Cybersecurity risk management approach aligned with or folded into its overall enterprise risk management process?

4. Do you have a cyber risk management organizational chart with reporting relationships delineated?

5. Do you have an enterprise wide, independently budgeted cyber risk management team?

6. Does your cybersecurity risk management strategy categorize risks?

7. Is your organization allocating the right resources to Cybersecurity risk management?

8. How do stakeholders learn about an entitys Cybersecurity risk management initiatives?

9. Do you have an effective cyber risk training program in place including reporting of breaches and subsequent actions?

10. Do you have cyber risk communications mechanisms in place to communicate recovery status with your employees and/or shareholders?

11. What security measurement practices and data does your organization use to assist project planning?

12. What security measurement practices and data does your organization use to assist product planning?

13. How does your organization assure itself that IT risk controls are being implemented effectively?

14. Is the cybersecurity strategy aligned to your organizations risk appetite and risk tolerance?

15. Is cyber risk part of vendor selection, management and audit?

16. Do you have a supplier management program that establishes and monitors external supplier Cybersecurity standards?

17. Does your cyber risk training focus on the technology, your organization or the individual?

18. What actions does your organization take if the vendor has security gaps?

19. What does cyber risk insurance cover?

20. Does your organization have a cyber incident response plan?

21. Does your vendors have an information security incident response team?

22. Does your organization have a comprehensive cyber breach response and recovery plan?

23. What percentage of third parties are in scope for your organizations risk management program?

24. What cybersecurity risk assessment methods and techniques are you using in your organization?

25. Is your organization working with peers to share information on Cybersecurity threats?

26. Who owns cybersecurity risk management?

27. Does your organization have a vulnerability management and reporting policy?

28. What are the policies, programs, processes or activities to which the risk management process is being applied?

29. How do your cyber risk program and capabilities align to industry standards and peer organizations?

30. Does your suppliers have insurance coverage for information security incidents?

31. Do your business continuity plans include cyber risk scenarios?

32. Who has the responsibility to declare a cyber risk incident?

33. Does your organization measure, report and follow up on information security related matters?

34. Do you have a cyber focused mindset and cyber conscious culture organization wide?

35. Does your organization request security audit reports from its information service providers?

36. What area has primary ownership of the third party risk management function?

37. Does your organization know how much risk it is willing to handle?

38. Does your internal audit program give you sufficient assurance in respect of your cyber risk management?

39. How do you measure cyber risk and your activities to address it?

40. Do you invest sufficiently in cyber risk mitigation, including training, incident preparedness and assurance?

41. Are you comfortable with the level of IT risk your organization is taking?

42. Who is in charge of managing digital security risk of the enterprise?

43. Does the board have access to the information needed to evaluate risks emerging from ESG trends?

44. Do risk and sustainability have operationally and strategically integrated processes?

45. Do you have a risk dashboard/registry?

46. What types of personal or sensitive information does your organization collect?

47. Does your organization address and allow removable media and have a data destruction policy?

48. What is the cyber risk profile for your organization?

Organized by Key Themes: SECURITY, RISK, DATA, SOURCING, MANAGEMENT, SUPPLY, PROCESS, SUPPLIER, TECHNOLOGY, CONTROL:

SECURITY:

What is the alignment between your organizations business and IT objectives?

Work with stakeholders in IT and the business to understand the work they are doing and how it intersects with Information Security and Risk Management expectations, then advise on how to best proceed by applying: information security policies and standards, regulatory requirements applicable to Align, control and risk frameworks, and contractual or legal requirements.?

Does the board have regular briefings on the evolving Cybersecurity threat environment and how the Cybersecurity risk management program is adapting?

Make sure your team provides strategic guidance and consultation on enterprise execution of the Risk Management Framework (RMF), security compliance and monitoring, the delivery of technical reports/briefings, root cause analysis and resolution and information security policy, standards, guidelines and procedure development/implementation.?

Do you need special skills in order to support Cybersecurity?

Make sure the Information Security Risk Management Analyst enables effective management of technical and business risks by providing information security risk management and compliance support.?

Is your security program operating effectively?

Ensure information security governance and risk management activities align with strategic business initiatives, achieve business and quality objectives, mitigate risk and enhance operating procedures.?

What do you do to encourage a good security culture?

Warrant that your strategy manages the development, deployment and execution of controls and defenses to ensure the security and risk mitigation of organization infrastructure technology and information systems.?

Is the assessed risk acceptable to your organization?

Execute the risk management function of the information security program to ensure risks are identified, assessed, and monitored.?

How do you identify the most critical applications/products for identifying risk?

Work directly with the (internal) customers, third parties and other internal departments and organizations to facilitate information security risk analysis and risk management processes and to identify acceptable levels of residual risk.?

What are the actions that are required to meet the security requirements?

Ensure approach and strategy aligns with appropriate security controls to meet risk management needs per organization policy, regulatory or industry standards.?

RISK:

What is the quality of your meetings, your direction, and communication from management?

Interface so that your staff oversees the creation, update, and maintenance of enterprise-wide technology Continuity of Operation policies, strategies, standards, and procedures necessary to meet the emergency management and associated regulatory needs of the organization to ensure compliance with all applicable regulatory and compliance risk laws and regulations.?

What type of segmentation will work best for your organization?

Work with Vendor Risk Management and internal business teams to assess and support vendor risk reporting needs, conduct group and individual training, develop dashboards, and create work plans.?

Is your crisis response plan in action, and is it working as planned?

Establish that your organization is accountable for leading, coaching, and mentoring other staff members on aspects of the information risk management program and specific processes in order to ensure consistency, quality and productivity of deliverables.?

Does your SIEM dashboard display event information for units managed by external service provider?

Provide information on business risk management standards and responsibilities and the implementation and application of a project risk control process.?

Are non standard incentives or changes to established standard development organizations SCRM standards necessary to build capacity to protect source code?

Oversee the execution of Risk Program Office to ensure transparent reporting of risks and remediation plans at the business line organization level and overseeing the completion of large programmatic change in alignment with enterprise risk framework.?

Is there a written Cybersecurity risk management strategy?

Make sure the Risk and Control Oversight and Advisory VP is responsible for monitoring and advising adherence to all defined risk and technology management processes to manage information risk.?

Are non standard incentives or changes to established standard development organizations SCRM standards necessary to maintain software integrity?

Certify your design is assessing the various information technology risks that the business faces in its operations and implement action plans, policy and procedural changes for risk avoidance and mitigation.?

How are security controls allocated to information systems?

Assure your strategy is collaborating across the Enterprise Privacy team, lead in the development and implementation of monitoring and testing coverage plans, privacy risk assessments, business process assessments, and privacy reviews for third parties handling personal information.?

How do you determine and effectively manage the residual risk?

Make sure the VP, Risk and Compliance leads your organizations operational risk management and compliance programs ensuring they effectively address your organizations business complexity and organizational goals.?

What are the IT systems involved?

Check that your workforce is involved in Data Management, Risk Management and or Business Controls.?

DATA:

Has digital evidence been properly collected to meet the legal requirements?

Ensure your IT team is responsible for supporting your continued growth by partnering with each function to align the IT strategy and identify solutions, automating business processes, developing custom software solutions, providing, and governing access to data, evaluating and implementing purchased software solutions, enabling advanced technologies like AI and ML, and managing the infrastructure and security these solutions require across the enterprise.?

Does your organization have a vulnerability management and reporting policy?

Manage the collection, consolidation and communication of reporting and data on vendor contracts, performance, risk and relationships to key stakeholders and vendors.?

How do you use security as your organization enabler?

Provide transparency to all facets of the business and empower your organization with easily accessible and understandable information to enable data driven decision making.?

How do you deal with residual risk?

Invest in determining fiscal requirements and prepares budgetary recommendations to support their area of responsibility; compile and analyze operational data to direct and make recommendations to improve standards and efficiency and show positive business outcomes.?

How do you get involved in information sharing partnerships?

Safeguard that your strategy is involved in the technical design and development of major data processing projects.?

What risks will result if the identity binding process fails, or a fraudulent digital identity is created?

Assure your strategy evaluates and provides advice related to the development plans created by IT personnel relative to resource requirements and data access techniques.?

What is a privacy incident going to cost you?

Assure your team drives data driven analysis of category spend to identify opportunities to reduce total cost of ownership (TCO).?

Are you spending on the right information security priorities?

Provide data analytics across vendor spend and activity by business area.?

Who requires certain pieces of information in order to contribute effectively?

Be confident that your workforce works on complex issues where analysis of situations or data requires an your organization needs in depth evaluation of variable factors.?

Is there a repeatable reporting process in place across the entities, so results are centrally coordinated, organized, and managed?

Lead and develop vulnerability team members in the detection, triage, tooling expansion, data aggregation and reporting processes, tooling, and automation.?

SOURCING:

What is your strategy to address cloud, BYOD, and supply chain threats?

Interface so that your company researches purchasing trends, threats/risks to the supply chain, and develops sourcing and procurement strategies to mitigate risk to the supply chain and ensure business continuity.?

How difficult/costly will it be to enhance monitoring of access points in the supplier networks?

Liaison so that your workforce is sourcing and Procurement Functional Maturity, Supplier Risk Management, Supply Base Management, Supplier Quality and Cost Management, Organizations Design for Procurement and Metrics.?

Do you set objectives for time to recovery for critical IT supply chain nodes/locations?

Own strategic supplier relationships and influencing strategy, negotiations and contracting, spends management, modeling and cost reduction roadmap execution, supplier financial health, developing and implementing critical material sourcing strategies, supply chain, and sub-supply chain risk reduction strategies.?

How does the assessment target align with overall goals and priorities?

Oversee that your organization conducts market and competitive conditions by category Leads engagement with business partners to influence business strategy leveraging supply market insights and align sourcing strategies.?

Has supplier audited or reviewed the subcontractors privacy and information security safeguards?

Interface so that your process is building and manage internal business relationships by providing guidance and expertise on sourcing best practices, including supplier selection, industry insights, negotiation strategies, and contracting.?

Does supplier maintain a comprehensive information security incident response process?

Be confident that your workforce has involvement with contract review and negotiations, all phases of strategic sourcing and category strategies, supplier relationship management and project management.?

Do you have a supplier management program that establishes and monitors external supplier Cybersecurity standards?

Assure your team is sourcing specialization is responsible for driving the sourcing procurement of goods and services in alignment with business leadership, along with contracting and supplier relationship management.?

What support is required from the board during a cyber incident or during crisis management?

Make sure the Sourcing specialization leads Supplier Relationship Management program in support of the Sourcing Department goals.?

What is preventing organizations from being better prepared against cyber risks?

Provide leadership and oversight to the Strategic Sourcing and Procurement function to ensure that business needs are understood, and clarity provided about the value of utilizing the services of this unit for all purchasing and negotiating needs; and that all contracts are negotiated and processed through this function.?

Is your organizations risk tolerance identified and clearly documented?

Communicate lead times and Sourcing strategies clearly with Product Development and Category Management teams.?

MANAGEMENT:

What additional tools are available to support the assessment?

Develop experience applying policy and planning concepts and practices sufficient to provide guidance for the development and implementation of enterprise wide strategies relating to the effective management of organization wide IT program resources and (internal) customer support services.?

How will managements plan support your organizations ability to restore confidence after an attack, and minimize the business impact?

Define business and functional requirements, provide support to business and technology teams, including requirements gathering and project management for new development and integration projects with little or no direction.?

What is the value of a cyber investment?

Partner with key (internal) customers to address team support and performance issues with suppliers, data review and analysis, performance management and development and improvement of end-to-end value and bring innovation to the business.?

Do internal control requirements apply to information security policies and procedures?

Liaison so that your team provides advanced technical support and guidance to staff in matters relating to information management (IT) issues that involve a wide range of forensic and litigation IT support systems that typically extend and apply to an entire organization.?

How will you provide your customers with a level of comfort and assurance on the protection and controls in the cloud environment, especially when involving third parties?

Check that your company manages an area of specialized systems software technology, such as eDiscovery and database management and life cycle development systems, involving the design and development of applications and the management of information as a resource.?

Where are esg challenges creating broad threats to future business value?

Be confident that your operation is creating policies and procedures for risk management and mitigation.?

What levels of malware protection and detection are performed?

Guarantee your organization is involved in project and change management with an emphasis on discovering business and technical requirements as well as communicating and driving final adoption.?

How well is your organization designed to adapt to change?

Work closely with stakeholders (for example, your product management, software engineering, business operations, and enterprise resilience teams) to ensure that your practices, policies, and standards are designed to effectively meet all applicable (internal) customer and regulatory requirements regarding operational resilience, and ensure that the framework evolves as stakeholder needs, industry best practices, and technology capabilities change over time.?

Why do environmental, social and governance related risks matter for organizations?

Develop and implement a data management strategy and records retention program that enables lines of business to protect, leverage, manage, and cultivate data across your organization.?

SUPPLY:

Does supplier maintain measures to secure wireless access to information systems?

Verify that your process is responsible for identifying risks to your supply chain, measure risk and impact and communicating proactively to business leadership for risk mitigation.?

Are organizations expected to support risk management?

Make sure your process projects may range from detailed advisory for improving a single supply chain process, such as S and OP, to broad Operations Strategy projects focused on new operating models in support of digital transformation, new business strategies or new business models.?

How could a cyberattack compromise affect supply chains?

Confirm that your group is responsible for overall continuity of supply and active risk mitigation.?

What are the risks related to the use of IT systems in the supply chain?

Develop and manage Supply Agreements for critical or high risk supply channels.?

What are best practices and tools to manage supply chain cyber risks?

Supply Chain Partnering to Improve Costs and Innovation: Developing a supply chain in partnership with internal cross functional organizations being actively involved in the engineering/research and development phase as well as tech transfer and manufacturing, ensuring outsourced relationships are leveraged proactively, anticipating needs ahead of lead times and ensuring long term resilience of cost structure and supply assurance.?

Are you measuring your security efforts for business relevance?

Lead the supply chain team in executing best practices and measuring performance through agreed upon Key Performance Indicators (KPIs).?

Where are the vulnerabilities in your supply chain?

Establish that your operation drives operating efficiencies by understanding business needs and complex supply markets.?

What is the maturity of your information classification and management program?

Guarantee your staff develops, implements, and maintains purchasing policies and procedures to ensure optimal supply inventory, cost efficiencies and standardization of required supplies.?

What indicators of compromise should you look for, to see if a supply chain risk has been realised?

Interface so that your team initiates the process for loading new supply contracts into the system.?

PROCESS:

Where do management and your IT team disagree on Cybersecurity?

Certify your process leads cross functional teams to assess business requirements and risk assessment and identify process improvement and standardization opportunities.?

How are vulnerabilities identified by external entities addressed?

Collaborate with the business throughout the recruitment process to ensure goals and objectives are met.?

What strategic planning process is in place and how involved is the board?

Secure that your operation is involved in organization contracts, processes and procedures.?

How much information and knowledge?

Make sure there is involvement in driving process improvements and operations that maximize (internal) customer experience results.?

Who needs to share information, and who can resolve the issues that emerge?

Ensure that invoices are processed quickly and efficiently and working with Accounts payable/Finance to resolve any queries with priority to ensure that the Credit Rating for business is not impacted by late payment of invoices.?

Is the total risk impact exceeding your organizations total impact tolerance?

Establish key metrics for performance and implement processes to improve and drive operational excellence in order to exceed them.?

Does the tone from your organizations leaders convey expectations on ESG?

Liaison so that your strategy has involvement resolving process bottlenecks.?

Which information sources are used in social engineering method?

Ensure your organization results driven with a process mindset.?

Does the growing security vulnerability mandate it?

Oversee that your process establishes purchasing processes and procedures for your organization.?

SUPPLIER:

Has the supplier committed to a certain timeframe for security patching and support?

Liaison so that your personnel develops negotiation strategies, gains alignment from business stakeholders, leads cross-functional, category-based negotiation teams using BATNA and other methodologies, and implements appropriate supplier risk analyses.?

What data are shared with the supplier?

Be certain that your process is managing local supplier integration plans with internal (internal) clients for all goods and services for consumption by internal partners, business unit or function.?

What types of personal data will supplier access?

Manage supplier risk through effective contracting and risk remediation efforts.?

Are you spending wisely on Cybersecurity tools and training?

Lead, conduct, and/or support contract negotiations with business stakeholders and suppliers to include drafting, evaluation, negotiation, and execution of agreements across various business areas and spend categories.?

Are disruption management plans tested cooperatively with relevant suppliers?

Lead business stakeholders to develop Service Level Agreements to manage and measure supplier performance.?

Does supplier allow personnel to use personally owned devices on the suppliers network?

Develop and execute category strategies, which includes spend metrics data, industry benchmarks and future budgets to provide recommendations to the business on savings ideas, supplier rationalization and operational improvements.?

Who needs to share information, and who can resolve the issues that emerge?

Work with internal business stakeholders and suppliers to identify and research problems relevant to contractual obligations and develop corrective action plans to resolve.?

What resources are available to help a supplier with implementing the NIST controls?

Work with key suppliers to ensure compliance to requirements, quality, delivery and performance, and drive supplier continuous improvement.?

Are existing incentives adequate to address the current risk environment for your sector/organization?

Be sure your strategy establishes supplier performance metrics, process Improvement and value add opportunities.?

How should costs be factored into cyber risk management?

Negotiate pricing and other business terms with suppliers, conduct industry benchmarking of pricing and make recommendations on programs to reduce supplier costs.?

TECHNOLOGY:

What resource may be mitigated by using risk?

Be confident that your group collaborates with other technology and business leaders to understand, gather, and disseminate information regarding changes in IT operations and technologies that may impact your (internal) customers.?

Are you developing your people to protect your organization from an attack?

Warrant that your design is collaborating with systems integrators in developing business requirements and designs in technology implementations.?

Where do you find the latest intelligence into evolving cyber threats?

Coordinates support activities technology architecture support program with IT specializations, project managers, and functional users to ensure system adequacy and identifies plans to resolve problems by applying evolving technology.?

How likely is an incident to occur?

Oversee that your operation projects encompass business process, technology, skills development, network design, organizational design and performance metrics.?

Are you training your software developers to build security into the code?

Build proactive, responsive relationships with the business to ensure alignment of business objectives with technology solutions.?

Is anti virus software deployed on endpoints to detect malicious code?

Make sure your design identifies (internal) customer business needs and technology readiness.?

What secure development standards and/or guidelines are provided to developers?

Develop experience presenting strategies and analyses to VP level business and technology decision makers through written proposals.?

What makes a good Cybersecurity metric?

Establish that your group is researching and understanding pertinent information technology laws, policies and procedures.?

How do you know that all threats have been addressed?

Interface so that your process evaluates new technologies for your organization environment and coordinates with technology vendors that span multiple technology and infrastructure areas.?

Are your organizations defined information security policies aligned with executive management?

Ensure that processes and information technology are aligned in order to make certain that there is system integrity.?

CONTROL:

Does your service provider support growing demand from all clients and provide reliable services at high scalability?

Provide system administration support services for group policies and access control lists to ensure compatibility with organizational standards, business rules, and needs.?

Do you have cyber risk communications mechanisms in place to communicate recovery status with your employees and/or shareholders?

Work with cross functional teams to assess and communicate business impact of location based access control programs.?

What are the common maintenance activities?

Help support the IT Standards and IT Procedures process by identifying and advocating for controls improvements.?

Do you have plans in place to mitigate the human vulnerability variable?

Lead information owners in identifying and implementing controls to mitigate the threats to your organizations information assets and computing resources.?

How important is the process for performing risk assessments of your organizations vendors?

Lead employees in all Business Units with control testing and monitoring performing 2nd line of defense oversight.?

What factors are important to you and your organization?

Make headway so that your team evaluating and reporting on the controls design, implementation, effectiveness, and maturity levels and working cooperatively with others and solicit input from the various areas of the organization.?

Do you have good security practices in place for the current operational environment?

Verify that your personnel is evaluating the design and operating effectiveness of IT controls using provided artifacts, industry standard guidance, leading practices, and professional judgement.?

Do changes in external entity relationships trigger a review of disruption management plans?

Be certain that your design is involved in validation and change control methodology.?

How do information problems impact the market for isp Cybersecurity?

Liaison so that your organization manages industry standard threat and vulnerability controls.?

What are competitors and peers doing to identify, manage and disclose the ESG related risks?

Review completeness and execution of relevant procedures and assess assurance mechanisms for how effectively they identify weaknesses or failures of key controls.