COBIT 5 for Risk 

 

COBIT 5 for Risk

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Risk is generally defined as the combination of the probability of an event and its consequence. COBIT 5 for Risk defines IT risk as business risk, specifically, the business risk associated with the use, ownership, operation, involvement, influence and adoption of IT within an enterprise.

  • Stakeholders with a better understanding of the current state and risk impact throughout the enterprise
  • Guidance on how to manage the risk to levels, including an extensive set of measures
  • Guidance on how to set up the appropriate risk culture for the enterprise
  • Guidance on risk assessments that enable stakeholders to consider the cost of mitigation and the required resources against the loss exposure
  • Opportunities to integrate IT risk management with enterprise risk
  • Improved communication and understanding amongst all internal and external stakeholders

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