COBIT 5 for Risk

COBIT 5 for Risk

<p><b>Effectively managing IT risk helps drive better business performance by linking information and technology risk to the achievement of strategic enterprise objectives.</p></b><p>Risk is generally defined as the combination of the probability of an event and its consequence. COBIT 5 for Risk defines IT risk as business risk, specifically, the business risk associated with the use, ownership, operation, involvement, influence and adoption of IT within an enterprise.</p><p>COBIT 5 for Risk provides:</p><ul><li>Stakeholders with a better understanding of the current state and risk impact throughout the enterprise</li><li>Guidance on how to manage the risk to levels, including an extensive set of measures</li><li>Guidance on how to set up the appropriate risk culture for the enterprise</li><li>Quantitative risk assessments that enable stakeholders to consider the cost of mitigation and the required resources against the loss exposure</li><li>Opportunities to integrate IT risk management with enterprise risk </li><li>Improved communication and understanding amongst all internal and external stakeholders</ul></li>