Has your organization established formal criteria for escalating cybersecurity risks to senior management within your enterprise risk management framework?
Explanation
Cybersecurity risk escalation criteria define the thresholds, conditions, and processes for elevating significant security concerns to appropriate leadership levels for awareness and decision-making. Without clear escalation paths, critical security issues may remain unaddressed at operational levels, potentially leading to delayed responses to serious threats or incidents.
Evidence could include a documented risk escalation matrix or procedure that defines specific thresholds (e.g., risk scores above a certain level, specific threat types, potential financial impact exceeding defined amounts), escalation timeframes, and the appropriate management levels for different risk categories.
Implementation Example
Establish criteria for escalating cybersecurity risks within enterprise risk management
ID: GV.RM-03.020
Context
- Function
- GV: GOVERN
- Category
- GV.RM: Risk Management Strategy
- Sub-Category
- Cybersecurity risk management activities and outcomes are included in enterprise risk management processes
Related questions
- Does your organization update cybersecurity risk management objectives as part of annual strategic planning and when significant organizational or environmental changes occur?
- Has your organization established measurable objectives for cybersecurity risk management?
- Have senior leaders established and agreed upon measurable cybersecurity objectives that are used to manage risk and evaluate performance?
- Has your organization formally defined and communicated risk appetite statements that clearly articulate acceptable levels of risk across different business areas?
- Has your organization translated high-level risk appetite statements into specific, measurable risk tolerance metrics that can be monitored and reported?
- Does your organization have a formal process to periodically review and update its risk appetite and objectives based on current risk exposure and residual risk levels?
