ME4.5:

ME 4.5 Risk Management

Control Objective:

Work with the board to define the enterprise’s appetite for IT risk. Communicate IT risk appetite into the enterprise and agree on an IT risk management plan. Embed risk management responsibilities into the organization, ensuring that the business and IT regularly assess and report IT-related risks and the impact on the business. Make sure IT management follows up on risk exposures, paying special attention to IT control failures and weaknesses in internal control and oversight, and their actual and potential business impact. The enterprise’s IT risk position should be transparent to all stakeholders.

Applicability:

Sarbanes-Oxley

HIPAA

GLBA

PCI

FISMA

NIST SP 800-66

Ditscap

Control Exception

User Defined

Risk Association Control Activities:

Implementation Guide:

Process Narrative
Insert a description of the process narration that is applicable to the existing control statement this narrative refers to.

Process Illustration
Insert a process diagram, flowchart or other visual representation here to illustrate the process narrative.

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Control Commentary
Insert a description of the control that is applicable to the existing control statement this commentary refers to.

Control Exception Commentary
Insert a description of the control exception that is applicable to the existing control statement this commentary refers to.

Evidence Archive Location
Insert Evidence Description Here.

Control Status and Auditors Commentary
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Remediation Plan
Insert remediation plan, applicability, or any information that indicates what needs to be done.

Supplemental Information:

Implementation guidance
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