The need to ensure compliance with regulations should no longer be the primary consideration of CIOs when planning IT risk and security measures, according to Gartner Inc. Gartner said compliance is an outcome of a well-run risk management program and should not dominate CIOs’ decision making.
“By simply trying to keep up with individual compliance requirements, organizations become rule followers, rather than risk leaders. CIOs must stop being rule followers who allow compliance to dominate business decision making and become risk leaders who proactively address the most severe threats to their organizations,” said John A. Wheeler, Research director, Gartner.
Risk leaders evaluate anticipated compliance risks by tracking key regulatory and business changes. They then create a plan to address compliance requirements in a strategic and proactive manner that improves resilience and influences their business’s success.
Wheeler added that, too often, organizations still treat compliance activities as a checkbox exercise with little regard for the related risks they are intended to address. “Organizations must change this reactive, check-the-box mindset and start viewing compliance as a risk,” he said.
In this way, organizations are relying more on their own risk assessments to guide their implementation of controls rather than the “classic” compliance approach of implementing mandated controls regardless of the anticipated risk severity or impact.
“If CIOs are managing their risks effectively, their compliance requirements will be met, and not the other way round,” added Wheeler.
Given today’s proliferation of regulatory mandates, it is challenging for organizations to develop a more forward-looking, adaptive approach. CIOs are often distracted by their efforts to keep up with specific regulations. This needs to stop.
“They must create a formal and defensible program of controls based on the specific situation and risks unique to their business. The rules and laws should then be mapped into the controls that have been proactively selected, and a defensible case should be made that the laws are being appropriately addressed,” explained Wheeler.
When treated in this manner, compliance becomes simply another category of risk that is addressed as an exercise in control mapping and defensibility. CIOs should work with their security and risk management teams to build a formal program that can adapt to the changing landscape of regulatory requirements and that protects the organization from anticipated risks.
