Project #1: Integrating NIST’s Cybersecurity Framework with Information Technology Governance Frameworks Scenario You have been assigned to your company’s newly established Risk Management Advisory Services team. This team will provide information, analysis, and recommendations to clients who need assistance with various aspects of IT Risk Management. Your first task is to prepare a 3 to 4 page research paper which provides an analysis of the IT Governance, IT Management, and Risk Management issues and problems that might be encountered by an e-Commerce company (e.g. Amazon, e-Bay, PayPal, etc.). Your paper should also include information about governance and management frameworks that can be used to address these issues. The specific frameworks that your team leader has asked you to address are: • ISO/IEC 27000 Family of Standards for Information Security Management Systems • ISACA’s Control Objectives for Information Technology (COBIT) version 5
• NIST’s Cybersecurity Framework (also referred to as the “Framework for Improving Critical Infrastructure Security”) The Risk Management Advisory team has performed some initial research and determined that using these three frameworks together can help e-Commerce companies ensure that they have processes in place to enable identification and management of information security related risks particularly those associated with the IT infrastructure supporting online sales, payment, and order fulfillment operations. (This research is presented in the Background section below.) Your research paper will be used to extend the team’s initial research and provide additional information about the frameworks and how each one supports a company’s risk management objectives (reducing the risks arising from cyber threats and cyberattacks against information, information systems, and information infrastructures). Your research should also investigate and report on efforts to date to promote the use both frameworks at the same time. Your audience will be members of the Risk Management Services team.
These individuals are familiar with risk management processes and the e-Commerce industry. Your readers will NOT have in-depth knowledge of either framework. For this reason, your team leader has asked you to make sure that you include a basic overview of these frameworks at the beginning of your paper for the benefit of those readers who are not familiar with CSF and COBIT. Background Security Controls Security controls are actions which are taken to “control” or manage risk. Security controls are sometimes called “countermeasures” or “safeguards.” For this assignment, it is important to understand that it is not enough to pick or select controls and then buy or implement technologies which implement those controls. A structure is required to keep track of the controls and their status — implemented (effective, not effective) and not implemented. The overarching structure used to manage controls is the Information Security Management System. Information Security Management System (ISMS)