Governance, Risk and Compliance

What is GRC?

Governance, risk and compliance (GRC) is a term that refers to the integrated approach an organization takes to managing its business processes, handling risk and ensuring compliance with regulations. By taking a GRC approach, organizations can improve their overall performance, better manage risk and protect themselves from potential regulatory penalties. An effective GRC strategy starts with a clear understanding of the organization’s business processes and the risks associated with them. Once these risks are identified, the organization can put in place controls to mitigate them. It’s important to involve all stakeholders in the GRC process, from the board of directors to front-line employees, so that everyone is aware of the risks and knows their role in mitigating them.

Free Video Course

Welcome to the Governance, Risk, and Compliance (GRC) for Information Security course. This course provides an in-depth look into how to assess and manage the risks associated with information security. You will learn the importance of GRC, the different components of GRC, and how to implement them in your organization. We will also discuss the different types of risk, the best practices for managing risk, and how to develop an effective GRC program. By the end of this course, you will have the knowledge and skills to effectively manage information security risks and ensure compliance with applicable laws and regulations. So let’s get started!

Chapter 1: Introduction to GRC

In this introduction chapter, we will define key terms, such as governance, risk, compliance, and information security. We will also provide an overview of GRC and its importance in the context of information security. By the end of this chapter, you will have a clear understanding of the basics of GRC for information security. So let’s get started!

• The CIA Triad

• What is a GRC Framework?

• The importance of a GRC framework in an organization

Chapter 2: Governance and Management

In this chapter of our video course, we’ll be discussing the importance of governance and management within the context of information security. We’ll start by going over the basic principles of governance, including how it relates to information security and why it is necessary.

• The relationship between Governance and Management

• What is Corporate Governance and its Core Principles?

• What is IT Governance?

• IT Governance Frameworks and Standards

• What is Information Security Governance?

• What is IT Organizational Structure?

• Understanding Enterprise Architecture

• IT Resource Management

• IT Service Provider Management

• Performance Optimization

• Quality Assurance, Quality Control and Quality Management of IT

Chapter 3: Establishing an Effective IS Governance Framework

This section of the video course provides an overview of the essential elements of an effective information security governance framework. It covers the strategies for developing a strong security strategy, gaining the support of upper management, and creating the metrics to measure the performance of the framework. It also provides insight on how to effectively manage the framework to ensure it meets the security goals and objectives of the organization.

• Developing an Information Security Strategy

• Gaining the Support of Higher Management

• Developing Metrics to Track the Performance of Information Security Program

Chapter 4: Risk Management

In this section, we will explore the ways in which organizations can identify, assess, and manage risks associated with their information systems and networks. We will discuss the importance of developing an effective risk management strategy and the various security controls that can be implemented to protect an organization’s digital assets.

• What is Enterprise Risk Management?

• Defining the Risk Appetite and Risk Tolerance

• Understanding Risk Terminology

• The Risk Identification Process

• How to Identify Assets, Threats and Vulnerabilities

• Developing Risk Scenarios

• The Risk Assessment Process

• Performing Data Analysis

• Performing a Gap Analysis

• Methods for Risk Analysis

• Specialized Techniques for Risk Analysis

• Risk Criteria and Risk Evaluation

• The Risk Treatment Process

• Different Ways of Treating Risk

• Establishing Ownership and Accountability

• What is a Risk Register?

• Updating the Risk Register

• Developing KRIs for Risk Monitoring

• Monitoring and Analyzing KRIs

• Performing Risk Reporting

Chapter 5: Disaster Recover and Business Continuity

In this section, we explore disaster recovery and business continuity planning. Learn how to prepare for unforeseen events, develop recovery strategies, and ensure minimal downtime. By the end, you’ll understand the key components and best practices for robust plans that safeguard your organization’s resilience.

• What is Business Continuity Planning?

• What is Disaster Recovery Planning?

• Steps Involved in Business Continuity Planning

Chapter 6: Internal Controls

In this section, we delve into the importance of internal controls within an organization. Discover how internal controls help mitigate risks, ensure compliance with regulations, and safeguard assets. Explore different types of internal controls, such as segregation of duties, authorization procedures, and monitoring mechanisms. Gain insights into designing and implementing effective internal control systems to protect against fraud, errors, and inefficiencies. By the end of this section, you’ll have a solid understanding of how internal controls contribute to the overall governance and operational efficiency of an organization.

• What are Internal Controls?

• What is a Control Objective and Control Measure?

• Types of Internal Controls

• Control Implementation Methods

• Selecting Security Controls

• Validating and Monitoring Security Controls

Chapter 7: Compliance Management

In this section, we explore compliance management, including its importance in today’s regulatory landscape, key frameworks and standards, program development, and the role of compliance officers. Gain a comprehensive understanding of compliance’s significance in promoting ethics and mitigating risks.

• What is Compliance Management and Why is it Important?

• How to Perform Compliance Management in an Organization

Articles

Information Security Management

Information security management is the process of identifying, assessing, and managing information security risks. It includes the development and implementation of policies, procedures, and controls to protect information assets from unauthorized access, use, disclosure, or destruction. The goal of information security management is to protect information assets from unauthorized access, use, disclosure, or destruction. To achieve this goal, organizations must identify and assess information security risks, and develop and implement policies, procedures, and controls to mitigate these risks. Information security risks can come from a variety of sources, including malicious actors, system vulnerabilities, and human error. To effectively manage these risks, organizations need to have a clear understanding of their information assets and the threats and vulnerabilities that could impact them.

Governance

Governance is a framework that provides guidance for organizations on how to manage their information security programs. The goal of governance is to ensure that the organization’s information security program is effective and aligned with the organization’s business objectives.

• Get a Grip on your Data with Data Governance!

• Managing Governance, Risk, and Compliance for a Resilient Organization

• You Need to Implement The NIST Cybersecurity Framework, Now!

• Asset Management

Policies and Processes

Policies and processes are the cornerstones of any organization. They provide the framework within which decisions are made and actions are taken. Without them, an organization would be unable to function effectively. Policies are the principles that guide an organization’s decision-making. They are based on the organization’s values and objectives, and they provide guidance on how to deal with specific situations. Processes, on the other hand, are the specific steps that need to be taken in order to carry out a policy. Policies and processes are essential for ensuring that an organization runs smoothly and efficiently. They help to ensure that everyone is on the same page and that everyone knows what is expected of them.

• The Role of Security Policies in an Organization

• Policies Standards and Guidelines for Compliance

• The Foundations of a Successful Information Security Policy

• Tailor Making the Perfect Policy for your Organizations Security

• Data Classification: Secure your Data by First Understanding your Data

• Information Protection Balancing Costs and Benefits

• Safeguard your Sensitive Data with Non Disclosure Agreements NDAs

Frameworks and Standards

• Make Information Security a Priority with ISO2700

• Information Security Management System and ISO27001

• Privacy Information Management System ISO 27701

• An Overview of General Data Protection Regulation GDPR and How Does It Affect You

Risk Management

In business, risk management is the process of identifying, assessing, and managing risks to organizational objectives. Risk management is a proactive process that helps organizations identify and mitigate potential risks before they can impact operations. By identifying and addressing risks early, organizations can avoid or minimize the impact of negative events. Risk management is a key component of effective organizational management. By identifying risks and developing plans to mitigate them, organizations can protect themselves from potential negative impacts. By proactive risk management, organizations can avoid or minimize the impact of risks, and improve their overall performance.

• Make Security Decisions with Confidence using Risk Assessments

• Risk Management: Avoid, Accept, Mitigate, Transference

• Disaster Recovery: Get Back on Your Feet After a Disaster

• A Well-developed Business Continuity Plan is Crucial for Maintaining Continuous Operations

• The Importance of Data Backup and Recovery for an Organization

Information Security Auditing

Information security auditing is the process of assessing an organization’s information security posture. The goal of an information security audit is to identify areas of weakness and recommend corrective action. There are two main types of information security audits: internal and external. Internal audits are conducted by an organization’s own staff, while external audits are conducted by an independent third party. Information security audits are an important part of an organization’s overall security program. They help to ensure that the organization’s security measures are adequate and effective. Additionally, audits can help identify potential security risks and recommend corrective action.

• Basic Methods of Auditing

Compliance

Compliance refers to the act of adhering to a set of guidelines or standards. In the business world, compliance is often related to regulatory requirements that companies must adhere to in order to avoid penalties or legal action. compliance can also refer to internal company standards and policies that employees are required to follow. Compliance is an important part of many businesses, as it helps to ensure that companies are adhering to all relevant laws and regulations. It can also help to prevent legal action from being taken against a company. Compliance is often overseen by a company’s compliance department, which is responsible for ensuring that all company employees are following the relevant guidelines.

• How to Sustain Compliance in Organizations

• Keep your Data Processing Compliant with Data Audits