COBIT 5 provides a comprehensive framework that assists enterprises in achieving their objectives for the governance and management of enterprise IT. Simply stated, it helps enterprises create optimal value from information technology by maintaining a balance between realizing benefits and optimizing risk levels and resource use. COBIT 5 enables IT to be governed and managed in a holistic manner for the entire enterprise, taking into account the full end-to-end business and IT functional areas of responsibility, considering the IT-related interests of internal and external stakeholders.
Information security is essential in the day-to-day operations of organizations. Breaches in information security can lead to a substantial impact within the organization through, for example, financial or operational damages. In addition, the organization can be exposed to external impacts such as reputational or legal risk, which can jeopardize customer or employee relations or even endanger the survival of the organization.
It provides a clear distinction between information security governance and information security management practices, outlining responsibilities at various levels of the organization, encompassing all process steps from the beginning to the end. Reduced complexity and increased cost-effectiveness due to improved and easier integration of information security standards, good practice guidelines.
COBIT 4 supports IT governance by providing a framework to ensure that:
• IT is aligned with the business
• IT enables the business and maximizes benefits
• IT resources are used responsibly
• IT risks are managed appropriately
Furthermore, governance and control frameworks are becoming a part of IT management good practice and are an enabler for establishing IT governance and complying with continually increasing regulatory requirements.