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Risk governance practiceIntermediate

Enterprise Risk Management

Enterprise risk management coordinates risk decisions across business objectives, technology, operations, finance, compliance, and cybersecurity.

What it means

ERM gives leaders a common way to identify uncertainty, compare exposure, assign ownership, choose responses, and understand how individual risks combine at the enterprise level.

Why it matters

Cybersecurity risks compete with other organizational priorities. Connecting them to enterprise objectives makes decisions more consistent and helps leaders see concentration, dependency, and systemic exposure.

Practical focus

  • Use a shared risk taxonomy and scoring approach
  • Connect cyber risks to business objectives and services
  • Assign accountable owners and decision authorities
  • Aggregate related risks without hiding important detail

Common mistakes

  • Running cybersecurity risk as an isolated register
  • Comparing risks scored with incompatible methods
  • Treating every risk as a technical issue
  • Reporting activity instead of decision-relevant exposure

Certification relevance

This subject appears in or supports the following certification bodies of knowledge:

ISACA CRISCISC2 CGRCISC2 CISSPISACA CISM

Authoritative sources