Bank of America Corporation

Chris Higgins

Chad Renfro

Sean Catlett

Robert A Lang

Johnna Carter

Marshell L Hill

Tianay Carroll

Dan Yomine

Matt Hinman

Apparatus and method for managing risk in an environment where information is received regarding a problem in an environment. A security risk is analyzed associated with the problem. Controls associated with the environment containing the problem are analyzed. A framework is generated defining one or more controls for mitigating the security risk responsive to the analyzed security risk and controls.

Control framework generation for improving a security risk of an environment

Embodiments of the present invention are directed to methods, systems and computer program products for a control transparency framework which is, in one embodiment, a transparent (i.e. easy to understand) and actionable risk/reward approach for organizational processes, controls, training and development. The control transparency framework method includes identifying threats to an organization, developing a risk score for each of the threats to develop a threat portfolio, developing a maturity portfolio, developing a control portfolio, determining a gap portfolio, and developing a control transparency portfolio to close gaps. A gap exists between a target state maturity level of each identified threat and a current maturity level of each control assigned to handle each identified threat, such that the gap occurs if the target state maturity level is at a level that is lower than the control maturity level.

Control transparency framework

Growing community of inventors

Charlotte, NC, United States of America

Chris Higgins