Cyber Strategy & Transformation

Effective Cyber Risk Governance

Effective governance of cyber risks is required for any business to operate within an acceptable risk-appetite level, reduce exposure to cyber threats, and embed cyber capabilities across the organisation.

Challenges

A consistently governed and effective security organisation is essential to manage cyber threats.

Unclear responsibilities for or a siloed approach to cybersecurity will impact an organisation's ability to manage its cyber threats effectively and within acceptable risk-appetite level.

Recognising that increased agility, business-alignment and enhanced governance structures are required to manage cyber threats is the first step to building an effective security organisation. Traditional approaches to security need to be broadened so that they are no longer focused solely on IT / technology domains but encompass the entire organisation by embedding security into relevant business processes.

Our approach

A Target Operating Model (TOM) for Cyber will help establish the governance structure and processes required to guide and oversee cyber-risk management activities and initiatives, and integrate them with business operations in order to minimise security risk, maximise return on security investments and build current and future value for the business.

Our cyber TOM offerings provide end-to-end coverage of cyber domains and commences with the establishment of a vision aligned to the organisational strategy. Each component then integrates to provide the TOM structure of an organisation at a defined future point to achieve the desired maturity. This includes a taxonomy structure of the cyber capabilities / services / activities, supporting process flows, roles and responsibilities, governance structure and transition plan.

Deloitte’s approach to TOM definition and development engages business, IT and central function teams to establish the organisation-wide roles teams perform to deliver cybersecurity capabilities.

  1. Target Operating Model Design

    Define the functions and capabilities, target structure and RACI model to deliver security across the agreed scope.

  2. Service & Activity Catalogue

    Detail the target-state services/activities and map to teams/functions across the organisational model.

  3. Design Governance Structure

    Define and establish the governance model in the new security operating model with organisational alignment.

  4. Design Key Processes

    Articulation of the key processes defined to manage Cyber risks in the new organisation and the interaction with other processes within the organisation.

  5. Transition Plan

    Develop transition roadmap for the phased implementation of the target-state operating model, services, processes, technology and governance.

  1. Target Operating Model Design
  2. Service & Activity Catalogue
  3. Design Governance Structure
  4. Design Key Processes
  5. Transition Plan

Define the functions and capabilities, target structure and RACI model to deliver security across the agreed scope.

Detail the target-state services/activities and map to teams/functions across the organisational model.

Define and establish the governance model in the new security operating model with organisational alignment.

Articulation of the key processes defined to manage Cyber risks in the new organisation and the interaction with other processes within the organisation.

Develop transition roadmap for the phased implementation of the target-state operating model, services, processes, technology and governance.

Why Deloitte?

Awarded market leaders

We strive to continuously lead the market in the area of cyber risk and security services. We are awarded and acknowledged by some of the most renowned institutions within the area of cyber, e.g. Gartner, ALM Intelligence and Forrester. In 2020, we were named global leader in Security Consulting Services for the 9th year in a row by Gartner.

Leading-edge technologies

We are committed to investing in innovation and emerging technologies to ensure that we are equipped with the latest tools to solve current and future challenges for our clients. Alliances with market-leading cyber vendors and groundbreaking startups around the world offer our clients access to a wide range of cyber-risk technologies and leading-edge technology innovation.

Global intelligence delivered locally

We have the largest professional services network in the world. Diversity across our cyber teams helps us work across the globe with a local and personal lens. We have over 8,600 dedicated cyber-risk service practitioners of which 1,300 are dedicated to Europe and the Middle East alone, ready to help our clients everywhere with any challenge.

End-to-end cyber-risk services

We cover every aspect of cyber risk — from advisory and implementation of strategic transformations to managed security services, product solutions and incident management. This enables us to deliver more resilient and silo-breaking solutions, taking the whole business chain into account. This helps our clients to leverage their potential and growth even more.

Reach out

Contact one of our experts if you are interested in turning cyber risks into opportunities with effective cyber threat governance.

Jay Choi

Partner

Anders Lukic

Senior Manager