Who decides how much security risk to take for a specific system?
Chief Information Security Officer32%
Chief Information Officer36%
Chief Risk Officer14%
Chief Executive Officer6%
Board3%
System Owner5%
Others (Please specify)1%
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This really depends on if the company is taking a look at risk at all. For smaller companies, I am pretty sure this is not even a discussion point.
CISO is responsible for risk assessment and posture of the system. Then there are factors like business priorities that need to be looked into before deciding on a system. So ultimately, it is for the CIO to weigh the risk vs the business need and take a final call.
We have a cyber council consisting of business line executives that determine the risk tolerance for cyber and weight in on cyber investments and results.
Combination of accountable data owner, system owner, and CIO.
Should have enable to select multiple choices on this one. System owner + CRO for us, + agreement from CEO.