Compliance and Risk Management in IT Environments
Compliance and Risk Management in IT Environments Compliance and risk management are two sides of the same coin in today’s IT world. Compliance means following laws, standards, and contracts. Risk management focuses on identifying threats to information and operations, judging their potential impact, and reducing them with practical steps. Together, they help organizations protect data, stay trustworthy, and avoid costly incidents. A practical approach starts with the basics. Build an up‑to‑date asset inventory and data map. Classify data by sensitivity and determine who can access it. Then identify applicable laws and standards, such as data protection rules, industry regulations, and contractual security clauses. Use a simple risk C.R.I.T.E.R. model: likelihood, impact, control effectiveness, and residual risk. Record each risk in a living risk register and review it regularly. ...