How Cyber (measured in dollars) Earns a Spot on the Risk Register
Cyber has yet to be fully integrated into the suite of business functions and monitored risks within most organizations. GRC is the mechanism to align cyber and the business, but it’s current state is not sufficient. Governance hierarchy is ineffective (CISOs reporting to the CIO or COO), Risk leveraging ambiguous risk measurements, and Compliance mistaken as security. Moving forward, Governance must be redefined, making CISOs business leaders, reporting to the Board. Risk should leverage traceable data to measure in a common business language. Compliance should be the baseline for security initiatives, not the end goal. When these initiatives can be achieved, GRC will transform cyber into a business enabler.