Risk ownership is a very important topic and is given careful attention today in light of large-scale breaches in government and private sector information systems. In the past, many organizations viewed information security risk as being something that was the responsibility of the IT division of an organization. While this is not, and has never been, an acceptable practice it is how many organizations effectively viewed the ownership of risk within their organization.
The issue that many organizations encounter is the concept of risk ownership versus risk management.
Understanding risk ownership, and who does not own risk, is critically important in order to make the correct risk decisions that support your organization's business and mission objectives:
- Risk ownership is held by the C-suite and/or people at the boardroom level.
- The ability to own risk is tied to authority and the ability to commit funds to reduce risk.
- Senior leaders have the ability...
