Define the Information Security Risk Tolerance Level

Your best guess at what’s needed doesn’t cut it anymore.

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Your Challenge

  • Most organizations make risk decisions informally, based on their understanding of corporate culture or what they think is best.
  • The level to which security programs need to mature is based on what the security professional believes is best.
  • Information security risk is both a specific instance or project concern and an aggregate organizational concern.
  • Rarely are security risks analyzed in a consistent manner, let alone in a systematic and repeatable method to determine project risk as well as overall organizational risk exposure.

Our Advice

Critical Insight

  • Don’t think about threats or vulnerabilities. Threats or vulnerabilities limit your ability to think about a risk tolerance level that can be universally applied. Instead, think about business impact and frequency. These factors can be defensibly quantified and provide critical insight into threat severity.
  • All risks can be quantified. Security, compliance, legal, or other risks can be quantified using our methodology.
  • Consider all impacts. Think about more than just informational impact; consider functional and recoverability impact also.

Impact and Result

  • Define an executive risk function.
  • Determine organizational risk culture.
  • Create a defensible risk tolerance level for your organization.
  • Leverage quantified risk tolerance level of broader risk management activities.

Define the Information Security Risk Tolerance Level

Start here – read the Executive Brief

Read our concise Executive Brief to find out why you should define an information security risk tolerance level and understand Info-Tech’s methodology to support you in completing this project.


1

Define the risk executive function

Define our risk-framing responsibilities and accountabilities.

2

Assess the risk culture

Perform a lightweight assessment of management and employee risk culture.

3

Define risk assumptions

Define the organizational understanding of risk, assess risk scenarios, define your overall risk tolerance, and manage your macro risk exposure.

Onsite Workshop

Book Your Workshop

Onsite workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost onsite delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.

Module 1: Assess the Risk Culture and Responsibilities

The Purpose

  • Discuss the general business requirements and obligations towards risk.
  • Understand and agree on risk responsibilities and duties.
  • Define and discuss security assumptions for frequency/impact.

Key Benefits Achieved

  • Clear understanding of risk language and responsibilities across the organization
  • Defined risk statement and IT mandate

Activities:
Outputs

1.1

Define the security executive function RACI chart.

  • Defined IT mandate

1.2

Assess employee and management risk culture.

  • IT and Business Leadership Alignment Report

1.3

Standardize impact and risk assumption terminology.

  • Information Security Risk Statement

1.4

Define risk requirements and risk frequency/impact thresholds.

  • Business Leadership Communication and Reporting Plan

Module 2: Define Risk Tolerance

The Purpose

  • Use risk definitions and understanding to define micro risk tolerance.
  • Define and discuss organizational risk tolerance for collective macro risk, and high-level strategy for macro risk management.

Key Benefits Achieved

  • Quantified definition for micro risk tolerance
  • Quantified methodology for risk impact analysis
  • Understanding and management method for macro risk

Activities:
Outputs

2.1

Perform risk scenario assessment.

  • Risk Tolerance Determination Tool

2.2

Define and discuss organizational micro risk tolerance.

2.3

Define and discuss macro risk tolerance and macro risk management methodology.