For GRC Professionals the top 10 technical skills and soft skills in 2024 by Alice Richman
Governance, risk and compliance (GRC)
In this domain, a cyber security professional requires the skills to assist an organisation from boardroom to basement with identifying and assessing risks, establishing controls, continually working to comply with regulations and improving security holistically.
Risk management in cyber security is an ongoing cycle of assessment, treatment, testing, and evaluation driven by the continuous introduction of new risks regularly. Organisations will typically work risk management within a set framework and align mitigation processes to minimise the chances of cyber security incidents occurring.
Risk assessment and management is a crucial aspect of GRC, and cornerstones the ability to assist an organisation’s adherence to regulations or standards such as The privacy act 1988 of Australia, the Australian Prudential Regulation Authority (APRA) CPS 234, ISO 27001 Information Security Management System, ISO 31000 Risk Management, Control Objectives for Information and Related Technologies (COBIT), Sarbanes-Oxley Act (SOX), Payment Card Industry Data Security Standard (PCI DSS), Federal Information Security Management Act (FISMA) and General Data Protection Regulation (GDPR).
Security audit and compliance knowledge and understanding are crucial for every cyber security professional. Hefty fines and penalties can be incurred by an organisation failing to meet its obligations. Additionally, GRC professionals are often tasked with security awareness training and empowering an organisation’s people as the first line of proactive defence against cyber attacks.
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