Oct.20

Practical Risk Tolerance

Excellent article on security risk management from Black Swan Security:

“…but I don’t hear any formalisation of measuring and assessing controls that are beyond the Control Tolerance of an organisation. We care about risk tolerances and exceptions, the risk owners care about these but the risk owners and the business managers also care about the ‘Control Tolerance’ or at least they care about controls beyond it.”

“If the practical risk tolerance that the security teams are working to is below the control tolerance then such a reset is inevitable. If the control implementations are below the Control Tolerance but the Risk Tolerance would practically have allowed for less stifling control environments then such a reset will likely not only reduce the impact of stifling controls but also unnecessarily increase the overall risk tolerance and associated exposure to security risk. Ironically over-zealous security controls lead to a less well-secured environment.”

Security
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About Harry McLaren