Most likely, if you work in the areas of governance, risk management, or compliance, you are already familiar with the “three lines of defense” model that describes risk management in three layers. It’s a good model for understanding how risk is, at some level, everyone’s responsibility, but the discussion needs to go further than most of what I have seen so far.

Risk Management Three Lines of Defense

The risk management “three lines of defense” model begins with the first line of business operations owning and directly managing risk. The second line is a risk, control, and compliance team that provides monitoring and support. And the third line consisting of internal audit that provides independent assurance about risk management to the board.

Go deeper into the real value of risk management by reading the full article.

TruOps

TruOps

TruOps is a comprehensive, cloud-based cyber risk management platform. As an industry leader in GRC best practices, TruOps provides expert consultative advice, seamless integration, and a highly responsive implementation team to meet clients’ needs and mitigate risk in an increasingly technology-based society.