619 words, 2.3 minutes read. By Gerard Blokdyk

Key Risk Indicator 1 big thing: Conduct information systems and monitoring training for organization personnel and stakeholders with priority.

The big picture: Make sure your workforce analyzes identified trends in KRIs and other findings reported to Risk Management and compare against benchmarking of operational risks and loss thresholds.

Why it matters: Build out core functionality in the ORM GRC to support risk and controls identification, risk taxonomy, risk assessment, risk appetite and indicators tracking, operational risk events, issues management, incident management, risk attestations, escalations and exceptions management, credible challenge tracking, and other key risk management processes.

What they’re saying: “Assess risk data and prepare risk analytics to escalate early warning signs and developments that might indicate changes in your organizations risk profile or warrant adjustments in the risk appetite., Safety & Risk Specialist

What we’re hearing: “Define and implement a data governance program that outlines the guiding principles for how the organization acquires, transforms, accesses, and uses data allowing for traceability from business goals down to services and key performance indicators for measuring the results of data services., Senior Procurement Field Representative (Global Field Operations)

Yes, but: Monitor the risk status by establishing the metrics and thresholds for risk tolerances, limits and guidelines and KRI, continues monitoring of these metrics and review and challenge of breaches and remediation actions.

On the flip side: Be involved in investment and operational procedures updates and coordinate maintenance of procedural manuals by identifying process changes and following up with process owners.

How it works: Be sure your company develops and reports key trends, performance and risk indicators affecting the groups processes, tools, and responsibilities for management and key stakeholders.

State of play: Report on underlying patterns of behavior by conducting detailed analysis of incidents, threats and risks and associated impacts and consequences, vulnerabilities, tactics, techniques and procedures (TTP), and other malicious and non-malicious indicators.

Under the hood: Identify, develop and implement key financial performance indicators, including rolling forecasts, new productivity metrics and measurements, and product performance and distribution effectiveness measures.


 


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The backdrop: Make sure your personnel monitor the IT and environment for security-relevant events, assess proposed configuration changes for potential impact to the cybersecurity posture, and assess the quality of security controls implementation against performance indicators.

The bottom line: Modify evaluate the design of process flows to help technology and business managers understand the impact of control weaknesses to the digital service delivery capability.

What’s next: Ensure your process conducts a robust Review and Challenge process in evaluating and reviewing business processes, risk profiles, risk indicators, controls, remediation plans, etc.

ICYMI: Establish meaningful metrics on key critical performance indicators of information security and monitoring of these to ensure the confidentiality, integrity and availability of information and processes.


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Trusted by: Lumen, Deloitte, North Carolina Administrative Office of the Courts, General Mills, U.S. Bank, Booz Allen Hamilton, Fishtech Group LLC, Gartner, CrossCountry Consulting, Fannie Mae, Milliman, Puget Sound Energy, The Travelers Companies, Inc., Risk Management Solutions (RMS), Guy Carpenter, Risk Management Solutions, Aon, One Concern, Nationwide, Risk Placement Services, Inc, General Reinsurance Corporation, BDO, Selective Insurance Company of America, Berkley, Chubb, Applied Research Associates, Inc, American Family Mutual Insurance Company, AIG, AIR, PRICE WATERHOUSE COOPERS, EMC Insurance, QBE, Acrisure LLC, Revantage Corporate Services, Allianz Global Corporate & Specialty, Citizens Property Insurance Corporation, UnitedHealth Group, Infineum, GCM Grosvenor, Keurig Dr Pepper, Fidelity TalentSource, Global Staffing, LLC, Guardian Life Insurance Company, Air Products, MetLife, Schroders, Blue Shield of California, Natixis North America Inc., CohnReznick, Inter-American Development Bank, TCS, HSBC, AmerisourceBergen, Walmart, University of South Carolina, MassMutual, Amazon.com Services LLC, umlaut North America, Amazon Data Services, Inc., PayPal, Cigna, BMO Harris Bank, Dropbox, ON24, Garmin, Origami Risk, CIBC, Finra, Citi, Northwestern Mutual, TARGET, Ameriprise Financial, Fidelity Investments, BOEING, WEX Inc., TIAA, Tyndall Federal Credit Union, TikTok, Bizongo, ServiceLink, HM Health Solutions, Great American Insurance Group, Banner Bank, Medpace, Inc., Weyerhaeuser, Patelco Credit Union, Humana, Bank of the West, AT&T, NewRez, EY, Carrington Mortgage Holdings, LLC, Iowa Department of Transportation, Banner Health, Mercy Hospital in Iowa City, Chubb INA Holdings Inc., West Bend Mutual Insurance Company, US Veterans Health Administration, Standard Chartered, Affirm, KeyBank, McDonald’s Corporation, Children’s Wisconsin, Delta, Chick-fil-A, Inc., AstraZeneca, TD Bank, RJ O’Brien, Everest Insurance Company, Bandwidth, GSK, State of Georgia, Collier County, FL, Dell Technologies, Beam Inc., NYC MAYORS OFFICE OF CONTRACT SVCS, SAGE Therapeutics, Black & Veatch Mgmt Consulting, Liberty University, REI, New Perspectives Senior Living, Green Dot Corporation, PSI CRO, Klarna, State of Iowa Talent Gateway, U.S. Renal Care, Netflix, Costco Wholesale, Newell Brands, Advia Credit Union, Hancock Whitney, Quartz, Orchid Orthopedics, Sportsman’s Warehouse, NYC DEPT OF HEALTH/MENTAL HYGIENE, Wayfair, Amazon Retail LLC, Suma Brands, Fidelity National Home Warranty, Amex, YouTube, US Federal Deposit Insurance Corporation, Toyota, NewEgg, Bluestem Brands, LA Healthcare Connections, Lowe’s, S&P Global, Spreetail, Wyndham Hotels & Resorts, Simmons Bank, Party City, Envision Healthcare, Charles Schwab, YRC Worldwide, GE Healthcare, Emory, Tecomet, Fanatics Inc., Kemper, Cornerstone Research, Invesco, Schneider Electric, Kraft Heinz Company, BKD, Kohler, Digital Ocean Jobs, US Veterans Affairs, Inspector General, IPG Mediabrands, NYC DEPARTMENT OF BUSINESS SERV., Healthfuse, W.W. Grainger, Blue Cross and Blue Shield of North Carolina, Johnson Controls, Kaiser Permanente, MasterCard, Health & Human Services Comm, Altice USA, MSCI Inc, BSN Sports, Mintel, Deutsche Bank, TransUnion, Disney Parks, Experiences and Products, UCHealth, McDonald’s Corporate, Corteva Agriscience, Vibrant Emotional Health, Gallagher, Clearent, TradeStation, Bessemer Trust Company, CRATE & BARREL, T-Mobile, FedEx, Capacity LLC, Medtronic, Frontapp, Janus Henderson, Marathon Health, Cvent, Komatsu, Accenture, SSM Health, Cincinnati Children’s Hospital, InspiHER Tech, Klim, Neoleukin Therapeutics, UNITED PARCEL SERVICE, Edelman, W.W. Williams Company, Cushman & Wakefield, Idaho National Laboratory, Benefitfocus, S&T Bank, JM Huber Corporation, Jamestown Distributors LLC, Northern Trust Corp., Brunswick Corporation, DoorDash, Curium Pharma, Coinbase, HD Supply, Black Box, Ascension, United Airlines Inc., PerchHQ, JLL, Abbvie, Google, MetaBank, BVK, State of Rhode Island, MVM, Lockton, Inc., DonorsChoose, SIB Development & Consulting, Trinity Health, Agility Logistics, Enchant Christmas, Delta Faucet Company, SAP, Dormify, Duke Careers, Florida Blue, State of Connecticut – Office of the State Treasurer, Robinhood, ConnectionsAZ, Willis Towers Watson, Midwest Loan Solutions, FedEx Services, Emergency Care Research Institute, Neoleukin Corporation, L3Harris Technologies, bp, Goodwill Industries of Southeastern Wisconsin & Metropolitan Chicago, Baylor Scott & White Health, Advocate Aurora Health, Cardinal Health, Parallon, Carrier Enterprises, Honeywell, KBI Biopharma, New York Life Insurance Co, Tangent Technologies, Abbott Laboratories, Samsung Electronics, Cardenas Market | Cardenas Markets LLC, Kinetic Worldwide, US Military Treatment Facilities under DHA, SanMar, Bright Health, Metropolitan Transportation Authority, Enova International, Planet Fitness World Headquarters, SnapEDA, City Facilities Management (FL) LLC, Rite-Hite, Goldman Sachs, Design Within Reach, Andersen Regional Manufacturing, ADP, Walgreens, Universal Music Group, LPL Financial, IHG Corporate, The Trade Desk, Fastly, WSSC Water, MoneyGram, The Standard, USAA, Dollar General, McKinsey & Company, Pixability, NJ Transit, Briggs and Stratton, BlackRock, Wellington Management, Scholastic, Brightstar Corp., Labcorp, Otsuka, Rochester NY, Cotiviti, Inc., Hasbro, HelloFresh, University of South Alabama, Blank Street, Amgen, Delaware North, Novartis, Blue Cross Blue Shield of Massachusetts, Broward College, Powersolv, Synchrony, T. Rowe Price, Aegon, Revitalize Milwaukee, US Air Force Services Agency, Omnicom Health Group, JPMorgan Chase Bank, N.A., Norwegian Cruise Line Holdings Ltd., Otter Products, LLC, AAA of Western & Central NY, Wintrust Financial Corporation, Bloomberg, DAK Americas, GCI, L’Oreal, Jenner & Block LLP, Albertsons Companies, Ecolab, A.B. Data, Ltd., AvantStay, Blue Shield Blue Cross Association, Franciscan Missionaries of Our Lady Health System, CoBank, Bayer, Parkland Health and Hospital System, DXC Technology, Sabre, Discover, Cognosante, LLC, KeHE Distributors, LLC, Olam Americas Inc., Johns Hopkins Health Care, Thermo Fisher Scientific, Repligen Corporation, Itineris, Microsoft, Perch, Ciena, LAIRD NORTON WEALTH MANAGEMENT, Zwift, Astellas Pharmaceuticals, Vanderbilt University Medical Center, Hubner Manufacturing Corporation, Ferguson, Alvarez & Marsal, San Jose Sharks, LOCKHEED MARTIN CORPORATION, SoftwareONE, SCL Health Corporate, CIOX Health, CBRE, Verizon, Technology Roles at Global Atlantic, Global Atlantic Financial Group, Global Atlantic Financial Group Opportunities, Oklahoma City University, Warrenton Oil Group, USI Holdings Corporation, Baldwin Risk Partners, Facebook, MetriCan Stamping, LLC, Capital One, Railsbank, Arch Insurance Group Inc (U.S.), Arthrex, Adobe, Banco Itau International- Miami, AlignTech, Noname, Trusight Solutions, Bottomline Technologies, Bank of America, Computershare, Broome-Tioga BOCES, FanDuel, InVisionApp, Grand Bazaar NYC, Surf Air Mobility, Milwaukee Public Schools, Spotify, Room & Board, Syneos Health Clinical, RANE- Risk Assistance Network & Exchange, CI Software, State of Wisconsin, Ensemble Health Partners, Oakland County Michigan, CastleGate, Inc., Creative Breakthroughs Inc, Live Nation, SRS Acquiom, SRS Acquiom Holdings LLC, Baker Hughes, ServiceNow, Whip Media, Risk Solutions, Figure, Argonne National Laboratory, PNC Financial Services Group, Barclays, Collins Aerospace, Visa, Brex, Western Alliance Bank, AmeriHome Mortgage, EATON, The Doctors Management Company, Lawrence General Hospital, Frontdoor, Benchling, Reasons could include: the employer is not accepting applications, is not actively hiring, or is reviewing applications, IT Data Solutions, Mursion Career Opportunities, Universal Orlando, University of Toledo, Comcast, Mass General Brigham(PHS), Trend Nation, Cedar Fair Corporate, Confidential, Ortho Clinical Diagnostics, The Judge Group, SharpSearch, City of Atlanta, GA, Johnson & Johnson Family of Companies, The Walt Disney Company (Corporate), Boston University, Georgia-Pacific, Production Resource Group Llc, Parker Hannifin Corporation, Arsenal Biosciences, World Vision Canada, Northeast Georgia Health System, National Veterinary Associates, IBM, Orolia, Ross Stores, University of Kansas, Buckman, Transurban Limited, NAPA Auto Parts, The New York Racing Association Inc., Equitrans Midstream, Allstate, Zones, DataRobot, Walt Disney World Resort, Standard Cognition, Krispy Kreme, Eastman, Toast, Blackbaud, Hollingsworth & Vose, Raytheon Technologies Corporate, GenesisCare, USA, Amerisave Mortgage Corporation, Tasteful Selections, LLC, avidxchange, Disney Cruise Line, CVS Health, Cenlar FSB, GWC Warranty, Telgian Corporation, Sierra Space, The Hanover Insurance Group, Goldbelt, Inc., Herzing University, The University of Chicago, @Orchard, Wells Fargo, BPI, Southern California Edison, MKS2 Technologies, Capital One – US, CentralSquare Technologies, Lux Holdings, United Therapeutics, Marriott International, Inc, Navy Federal Credit Union, Astellas, Aptos, Rocky Mountain Institute, Silicon Valley Bank, Whirlpool Corporation, System One, Ambassador Labs, Red Hat Software, Oracle, SUSE, The Hershey Company, Replicated, Inc., Grafana Labs, DataStax, MotoRefi, Hewlett Packard Enterprise, HCA Healthcare, Mercury Healthcare, CSH IT Service, Canonical – Jobs, Cerebral Staffing, LLC, Harness.io, Cloudera, Uline, Synopsys, Amazon Dev Center U.S., Inc., Splunk, Salesforce, Amazon Web Services, Inc., TRILIO, Angi, Northrop Grumman, Red Ventures, M1 Holdings, G/O Media, NVIDIA, Toshiba Global Commerce Solutions, Inc., UFCU, Morgan Stanley, APi Group, Aflac, Incorporated, Municipal Credit Union, NBCUniversal, TEXAS DEPARTMENT OF MOTOR VEHICLES, Tri Counties Bank

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