IT Governance & ISO 38500

IT Governance or Corporate governance of information technology is a subset discipline of corporate governance, focused on information and technology (IT) and its performance and risk management.

The interest in IT governance is due to the ongoing need within organizations to focus value creation efforts on an organization’s strategic objectives and to better manage the performance of those responsible for creating this value in the best interest of all stakeholders.

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Cyber Security Resilience & Risk Aggregation

Cyber Security Resilience & Risk Aggregation concepts have a near relationship because Risk aggregation refers to efforts done by firms to develop quantitative risk measures that incorporate multiple types or sources of risk.

Cyber Security Resilience is the capacity to have different Cyber controls which can provide the organization an adequate resilience according the organization risk appetite by doing risk management of the aggregation of multiple types or sources of risk.

One interesting topic is Internet of Things (IoT) which is increasing in our personal and professional life. The more assets are “shared” (including Critical Infrastructures and Smart Cities IT assets) the more risk we are assuming in our organization. All these risk is added using Risk Aggregation, so more effort we will need to do to improve our security to get an adequate Cyber Security Resilience level.

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EU General Data Protection Regulation

On 14/04/2016 EU Data Privacy had been approved the regulation which is, nowadays, mandatory. However companies have 2 years to carry out its suitability before receiving an economic penalty for not having completed it.

On 04/05/2016 EU Data Privacy regulation had been published in the official bulletin of the European Union, after 20 days (25/05/2016) the new EU Data Privacy regulation became official.

The General Data Protection Regulation (GDPR) have big economic penalties which will start to be real after 2 years this regulation was approved so: May 2018

Penalties of 10 millions or up to 2% of global turnover for the previous year and 20 millions or up to 4% of global turnover for the previous year are established

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Payment Fraud

Nowadays the payment fraud landscape is changing quite fast. Changing from classic schemes as bank cheque fraud, faked manual payment orders to organized crime with corporate as targets.

Understanding fraud also occurs when dishonest acts are committed without personal gain but are intended to create a loss or risk of loss for another person or entity. This includes the intentional misrepresentation of financial condition.

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Social Engineering attacks

Currently, market has a wide range of systems, products and services focused on computer security services: Antivirus, Antispyware, Firewalls, IPS, WAF, SIEM systems, etc.
All these measures are indispensable and have become a priority for any company or organization towards ensuring its assets, but social engineering plays with the advantage that you can use techniques that violate own vulnerabilities inherent in human beings and, as is well known, for this there is no patch or upgrade that provides effective protection against such attacks.

People is normally “the weak link in the chain”.

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