Expectations of IT security have never been higher. I talked about this a bit in my last blog . But if you don’t believe me there’s a great paper by Enterprise Strategy Group (ESG) that nicely sums up why businesses are calling for much more sophisticated, business-oriented approaches to IT security. You can find it here (look under ‘white papers’ in the right-hand navigation area)
So if you’re in charge of IT security in your organization, what do you do to meet these expectations?
If you said ‘convince the business to invest in eGRC’ then you’re ahead of the innovation curve and are taking your program to the next level.
What happens without eGRC?
Organizations that haven’t invested in eGRC are typically mired in manual processes, trying to manage security using Word documents, spreadsheets and email. They can’t connect anything to anything and have to duplicate work all the time. One IT security manager told me that his team asks the operations team to answer questions specific to FFIEC regulations in January; and then in February asks the same questions of the same people for the purposes of SOX compliance.
This kind of thing is happening in a million different ways all the time. A recent article from Computerworld, titled “Feds want uber cybersecurity compliance standard”, illustrates this as well.
It quotes Jerry Archer, CISO at Sallie Mae, who is presenting his IT-GRC strategy at the RSA Archer eGRC Roadshow in Indianapolis tomorrow (October 13). Speaking at the SINET Innovation Summit in Boston, Jerry said his agency spent 40% of its budget on complying with regulations. “What is needed is automating compliance to reduce the bite it takes from the budget,” he said.
The kicker is the response that Jerry’s remark got from Josh Corman, director of security intelligence at Akamai. He congratulated Jerry on the 40% figure, saying: “For some it’s 100%.”
The article goes on to note that “the trouble with regulations is that they drive security architectures and prevent data loss that may have little real impact, while ignoring thefts that could be devastating.”
What happens with eGRC?
So how does GRC help? For one thing, it helps you automate compliance processes and efforts so security teams can focus attention, budget and strategy on the threats that truly matter to their business.
Organizations that have invested in eGRC (assuming they’ve adopted best practices and made careful strategy and technology choices) can:
- Automatically map policies, control standards, control procedures, authoritative sources and assessment questions to one another and see the relations between any and all
- Track the whole life-cycle of security incidents, reliably prioritize incidents in line with business impact and objectives, automatically assign actions to respond to incidents, and report on incidents in a way that provides meaningful business context to senior management
- Identify gaps in compliance and satisfy common compliance requirements with a ‘one-to-many’ approach
I’ve said it before and I’ll say it again: eGRC is about enterprise-wide collaboration, visibility and control. It’s time for IT security functions to lead the charge to achieve these things. Not only is it the only way to deliver value to the business, but it will make life so much easier for you!