Strategy and Framework Reviews
OversightControl Statement
The organization conducts regular reviews of the cyber risk strategy and cyber risk framework, to ensure compliance with legal and regulatory requirements.
Description
Regular reviews of both the cyber risk strategy and the supporting framework ensure that the organization remains compliant with evolving legal and regulatory obligations. The regulatory landscape for cybersecurity is dynamic, with new requirements emerging from data protection laws, industry-specific regulations, and government directives. Systematic reviews verify that the strategy and framework incorporate current requirements, identify gaps, and drive corrective actions before compliance failures materialize.
Key Implementation Activities
- 1 Establish a formal review schedule for the cyber risk strategy and framework, at minimum annually and triggered by significant regulatory changes
- 2 Maintain a regulatory inventory tracking all applicable cybersecurity and data protection laws, regulations, and contractual obligations
- 3 Conduct gap analyses comparing current strategy and framework elements against regulatory requirements
- 4 Document review findings, remediation actions, owners, and target completion dates
- 5 Engage legal, compliance, and regulatory affairs teams in the review process to ensure comprehensive coverage
Evidence Examples
- Review schedule and evidence of reviews conducted on schedule (meeting minutes, sign-off records)
- Regulatory inventory or register showing all applicable requirements and their mapping to framework components
- Gap analysis reports with identified deficiencies and remediation plans
- Updated strategy and framework documents with version control showing revisions driven by review findings
- Legal and compliance team participation records in review activities
Maturity Levels
Reviews are ad hoc, typically triggered only by audit findings or incidents. No systematic tracking of regulatory changes or their impact on the framework.
Reviews are conducted on a defined schedule with documented procedures. A regulatory inventory exists and gap analyses are performed systematically. Findings are tracked through remediation.
Continuous regulatory monitoring drives proactive updates to the strategy and framework. Automated compliance tracking tools provide real-time visibility into regulatory posture. Review outcomes feed directly into strategic planning.
Document Templates
Evidence Requirements View all evidence
| Type | Evidence Item | Frequency | Level |
|---|---|---|---|
| Document | Defined review schedule for strategy and framework | Established annually | Required |
| Document | Regulatory Compliance Register with all applicable requirements mapped to framework components | Updated quarterly | Required |
| Record | Review meeting agendas, minutes, and attendance records | Per review | Required |
| Record | Gap analysis reports with findings, remediation plans, and owners | Per review | Required |
| Record | Remediation tracking showing closure of identified gaps | Monthly until resolved | Required |
| Record | Updated strategy/framework documents with version control showing review-driven revisions | Per revision | Expected |
| Record | Legal and compliance team participation records in review activities | Per review | Expected |