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Posted: April 11th, 2022
Digital transformation has become a significant factor
Applicant Essay
Digital transformation has become a significant factor in ensuring organizations remain successful. COBIT 5 assists organizations to attain their digital transformation goals by providing them with a very comprehensive framework to work with. That said, a big organization should adopt and utilization of COBIT 5 to manage IT security risks since it links IT risks to the attainment of the company’s strategic goals. As part of building a holistic approach to governance of information, COBIT 5 purposes to assist the organization to create, synchronize, and execute strategies that matches up its IT infrastructure with business goals (ISACA, 2013). It provides various models of maturity that evaluate the effectiveness of IT in contributing to attaining these objectives. Also, COBIT 5 presents an IT structure that assimilates ISACA’s proprietary Val IT, IT infrastructure Library (ITIL), and Risk IT with pertinent standards generated by the International Organization for Standardization (ISACA, 2013). Moreover, COBIT 5 assists in the creation of a regulated setting and a risk and governance model to make it possible for security to adhere to regulatory requirements. All these serve to provide a holistic cybersecurity program.
Payment Card Industry (PCI) Standards are a widely accepted set of policies and processes intended to maximize the security of debit, credit and cash transactions and safeguard cardholders against misusing their personal information. Therefore, adhering to the four Payment Card Industry (PCI) Standards help an e-Commerce company to manage IT security risks by providing a roadmap of compliance tasks on the basis of risks linked to storing, processing, and/or transmitting the data of the cardholder (Ahmed, 2018). It assists companies to prioritize efforts to attain compliance, establish milestones and decrease the risk of cardholder data breaches early in the compliance process.
References
Ahmed, H. U. (2018). PCI Dss 3.2 – A comprehensive understanding to effectively achieve PCI Dss compliance. Createspace Independent Publishing Platform.
ISACA. (2013). COBIT 5 for risk. ISACA.
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