GV.RR-03.043
Has your organization established a documented process for allocating resources and investments based on your defined risk tolerance and response strategies?
Explanation
Resource allocation is the subject: whether you have a formal method for directing budget, people, and technology toward security risks based on your defined risk tolerance. Effective resource allocation ensures that higher-risk areas receive appropriate investment while maintaining alignment with the organization's risk appetite and business objectives.
Evidence could include a resource allocation framework document, budget planning documents that reference risk priorities, meeting minutes from risk committee discussions about resource investments, or a risk-based investment matrix showing how funding decisions correlate to risk levels.
Implementation Example
Identify resource allocation and investment in line with risk tolerance and response
ID: GV.RR-03.043
Context
- Function
- GV: GOVERN
- Category
- GV.RR: Roles, Responsibilities, and Authorities
- Sub-Category
- Adequate resources are allocated commensurate with the cybersecurity risk strategy, roles, responsibilities, and policies
Related questions
- Have organizational leaders formally documented and agreed upon their specific roles and responsibilities for cybersecurity strategy development, implementation, and assessment?
- Does leadership actively communicate expectations for a secure and ethical culture, particularly leveraging current events as teaching opportunities?
- Does your organization have a comprehensive cybersecurity risk strategy that is reviewed and updated at least annually and after significant security events?
- Does your organization conduct regular reviews to verify that individuals responsible for managing cybersecurity risk have appropriate authority and coordination mechanisms?
- Has your organization documented risk management roles and responsibilities in a formal policy?
- Has your organization formally documented the roles and responsibilities for cybersecurity risk management, including RACI (Responsible, Accountable, Consulted, Informed) designations?