Security policies: More documentation is not risk management
Conclusion: A major benefit from using a framework is to support better decision making and help deliver consistent outcomes. When it comes to security and risk, a framework is only as useful as the intellectual effort required to understand the framework and how it applies to an organisation’s risks. While some frameworks call for much documentation, IBRS argues that security policies for their own sake are not as valuable as reviewing existing business policies and processes with a risk management lens.
The goal is to have business executives making informed decisions. As an organisation’s cyber risk management practices mature, the creation of documentation as a point of agreement within the organisation becomes more important, but starting the journey with document creation misses the whole point of risk management. Any framework is only as useful as its ability to directly support business outcomes.
About The Advisor
James Turner is an IBRS emeritus Advisor who specialised in cyber security and risk and facilitates the CIO Cyber and Risk Network on behalf of IBRS. James has over a decade of experience as an industry analyst and advisor; researching the cyber security industry in Australia. As an IBRS Advisor, James authored over 100 IBRS Advisory papers, led dozens of executive roundtables, and presented at numerous conferences.