Enterprise Risk Management Governance Inc.

The recent (ISC) Global Information Security Workplace Study illustrates the issue of Filling the Cybersecurity Gap in stark detail. The report projects that the global information security workforce shortfall will reach 1.5 million workers in five years.  The nearly 14,000 qualified information security professionals who took part in the study are already struggling with this: Only half believe their organization is capable of sufficiently discovering and recovering from a breach.  As a result, only one-fifth indicate that they can complete remedia tion after a system or data compromise within a day (down from 33% in 2011). Other findings reveal additional, trou bling developments: With an insufficient pool of avail - able, suitable job candidates, 62% of respondents say that their orga nization has too few information security professionals, up from 56% in 2013.   Two-thirds are concerned about security technology “s...

What is the 3 lines of defense model? 3 lines of defense model distinguishes the three interrelated functions of an effective enterprise risk management program. These are: 1) Own and manage 2) Oversee 3) Independent Assurance What is the role of first line in the 3 lines of defense model? The first line is responsible for managing risks and maintaining effective internal controls. It is a bottom up approach where risk assessments are performed and include - RCSA - Risk Control Self Assessment, KRI - Key Risk Indicators, Risk Profile and Escalation process. What is the role of second line in the 3 lines of defense model? The second line is responsible for design and implementation of risk program. It provides the framework used by the 1st line to assess and manage risks.  The goal is to connect dots by taking a portfolio view of risks across the enterprise. Primarily provides top down view relative to strategy and risk appetite.  What is t...