“There is a certain uselessness in saying an organization does not want to accept high risk.”
My latest @ISACA article was published and as I was re-reading this line it resonated with me even more. You have to have more fidelity in how you define risk appetite for it to be useful. More tips on how to do that in the full article here.
I was inspired to write this article by a change in the speed limit that happened on a local Interstate. It was a good jumping off point to illustrate the parallels between speed limits and risk appetite and what it takes to change each.
You can read the article on the FAIR Institute website here.
My latest @ISACA article posted today. I was really pleased with this one as it uses an easily understandable metaphor to call out the often experienced desire of people to live life without risk (as evidenced by statements such as “We don’t accept any risk…”). Take a look and let me know what you think.