Managing Organix Organization Cyber Risk Appetite: Executive Briefing

Executive Briefing Assignment 1
Managing Organix Organization Cyber Risk Appetite: Executive Briefing
Student’s Name
Instructor’s Name
Institutional Affiliation
City/State
Date

Executive Briefing Assignment 2
Executive Summary
Organix company has been under some healthy growth since the year 1995, when first
established in Australia. The company have been operating both though the use of physical shops
and online shop. Organix company senior executive team, just like any other business board of
management, need to consider essential ideas of the cyber risk management practices into their
business. In considering cyber risk management practices, the company can hamper business
processes that lead to losses ranging from thousand to millions of dollars. It is also understood
that it is necessary significant to eliminate some of the cyber risks associated with the
organization's operations. These risk appetites provide an insight into an organizational cyber
risk approach in general.
Table of Contents

Executive Briefing Assignment 3
Executive Summary.......................................................................................................................2
Table of Contents...........................................................................................................................3
Managing Organix Organization Cyber Risk Appetite.............................................................3
Digital revolution...........................................................................................................................5
The COSO Framework.................................................................................................................5
Risk management components.....................................................................................................6
Cyber risk appetite challenges......................................................................................................7
Organix company risk target........................................................................................................8
Integrating Cyber risks into Organix Risk Appetite..................................................................9
Organix Corporate Risk Appetites..............................................................................................9
Cyber risk appetite statement.....................................................................................................11
Conclusion....................................................................................................................................12
Managing Organix Organization Cyber Risk Appetite
The purpose of this executive briefing paper is to provide an overview for the senior
executive team and the board of directors of the Organix company on the management of the

Executive Briefing Assignment 4
organization's cybersecurity risk appetite. This is done in line with ethical security frameworks
such as COBIT, ISO, COSO, and other enterprise risk management frameworks. Managing risk
involves balancing act for businesses, as well as organizations without the consideration of size
and the disciplines. In this context, some organizations cautiously take the manageable risk as
others take too much. Hence, this has ranked cyber risk among the most impactful sources of
uncertainty in our modern enterprises due to the complication of balancing the equation. And
recently, cybersecurity is increasingly reviewed by the corporate board of directors and, in most
cases, discussed with financial analysts, who view this risk as a looming plus supreme business
risk. Due to the fact, the consequences of its failure may be damaging to business revenues as
well as reputation. And in some cases, CEOs have lost their positions due to inept preparation
and planning as well as data breaches. This briefing paper provides context related to the
essential ideas of the cyber risk management practices, although, not envisioned to be a complete
guide, to advance as well as implementing the technical strategies.
As in its business plan, Organix business scope and operation show that it has to maintain
its online as well as a physical presence. The key priorities of the organization include having the
best IT infrastructure that will ensure robust cybersecurity for its system. As the organization's
information technology professionals, we are responsible for delivering robust cyber risk metrics
around the organization's policy as well as the cyber risk. While this is a reasonable undertaking
for every information technology professional in the current generation, the main challenge
involves providing the metrics for contextualizing risk data by having a clear understanding of
the risk level within the corporate.
This briefing is meant for the board of directors and senior executives of the Organix
company. It enables them to understand their responsibility in cyber risk management as follows.