Study: Majority of Organizations Committed to Risk-Based Security ...

June 25, 2013 5:00 am Published by Shelley Boose

Tripwire announced the first installment of an extensive survey on the state of risk-based security management with the Ponemon Institute.

The survey covers risk-based security management program governance and maturity and includes 749 U.S. and 571 U.K. respondents from the following areas: IT security, IT operations, IT risk management, business operations, compliance/internal audit and enterprise risk management.

?The findings from this report strongly indicate that risk-based security management is still viewed as an IT or security task instead of a business task,? noted Dr. Larry Ponemon, chairman and founder of the Ponemon Institute.

?Unfortunately, the full value of a risk-based approach to security can only be realized when senior business leaders fully participate in the process.?

Key findings from the survey include:

• 81 percent rated their organization?s commitment to risk-based security management as ?significant? or ?very significant?
• 88 percent identified the protection of intellectual property and 78 percent identified the minimization of non-compliance as a key business objectives for risk-based security programs
• 60 percent say that risk-based security management helps align security programs with business objectives

However:

• 46 percent say their organization?s approach or strategy for risk-based security management is non-existent or ?ad-hoc?
• 62 percent say that the business has little or no input involvement in providing risk-based analysis
• 47 percent don?t have a risk-based security management program or most program activities have not been deployed
• Only 29 percent have a security risk management strategy that is applied consistently across the enterprise

?There?s a big gap between risk-based security program commitment and how organizations are actually operating,? noted Elizabeth Ireland, vice president of product marketing for Tripwire.

?This could be because many organizations haven?t fully connected the importance of their cybersecurity program to their top-level business risks despite the rapid increase in cybersecurity threats.?

The complete survey results will be released in five parts over the next two months and will cover the following topics:

• Risk-based security management maturity and governance
• The value of risk-based security metrics
• Key metrics for risk-based security
• Risk-based security controls and spending
• Risk-based security collaboration, communication and culture

For more information about the survey please visit: http://www.tripwire.com/ponemon/2013

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Title Image courtesy of ShutterStock

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Tags: Connecting Security to the Business, Enterprise Security, intellectual property, Ponemon, Regulatory Compliance, Report, research, risk analysis, Risk management, Risk-Based Security Management

Categories: Risk Management

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Shelley Boose has contributed 9 posts to The State of Security.

Contact Shelley Boose

Shelley Boose is the Public Relations Director for Tripwire, and possesses the unique ability to effectively facilitate the production of PR and media material from a wide variety of resources. Shelley has extensive professional relationships with top journalists from a wide number of publications, and with her more than fifteen years of experience in the PR game, she is an important part of Tripwire's corporate communications team.

Source: http://www.tripwire.com/state-of-security/it-security-data-protection/risk-mgmt/study-majority-of-organizations-committed-to-risk-based-security-management/?utm_source=rss&utm_medium=rss&utm_campaign=study-majority-of-organizations-committed-to-risk-based-security-management

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