Criticality High Active

Key Risk Indicators (KRIs)

Establishes, monitors, and reports on Key Risk Indicators providing early warning signals of emerging risks, risk changes, and control effectiveness for proactive risk management.

Control ID
RSK-007
Domain Code
RSK
Control Nature
Detective
Business Owner
Risk Owner
Category
Administrative
Compensating Control
No

Control Overview

RSK-007 · Full Control Profile
Business Description

Develop, monitor, and report on Key Risk Indicators (KRIs) to provide early warning of emerging risks.

Business Objective

To proactively identify and manage potential risk exposures.

Business Benefits

    Business Risks if Missing

      Stakeholders, Industries & Technologies

      RSK-007 · Operating Context

      Primary Stakeholders

      Applicable Industries

      Applicable Technologies

      Mapped Regulatory & Industry Frameworks

      Harmonized Framework Mappings

      The following compliance and regulatory frameworks map directly to this control's governance scope.

      FRAMEWORK CODE FRAMEWORK NAME & DESCRIPTION FAMILY / CATEGORY VERSION ACTION
      COBIT2019 COBIT COBIT is an enterprise governance and management f...
      COBIT
      Governance Framework
      		 v2019 View →
      DORA Digital Operational Resilience Act The EU Digital Operational Resilience Act establis...
      EU
      Regulation
      		 vCurrent View →
      IRDAI IRDAI Information & Cyber Security Guidelines IRDAI information and cyber-security requirements...
      India
      Guideline
      		 vLatest View →
      ISO22301 ISO/IEC 22301 ISO 22301 specifies requirements for a Business Co...
      ISO
      Standard
      		 v2019 View →
      ISO27001 ISO/IEC 27001 ISO/IEC 27001 specifies auditable requirements for...
      ISO
      Standard
      		 v2022 View →
      NIS2 NIS2 Directive The NIS2 Directive establishes EU-wide cybersecuri...
      EU
      Directive
      		 vCurrent View →
      NIST-CSF NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev...
      NIST
      Framework
      		 v2 View →
      NIST80053 NIST SP 800-53 NIST SP 800-53 Rev. 5 presents control families, i...
      NIST
      Control Catalog
      		 vRev. 5 View →
      NPCI-ISR NPCI Information Security Requirements NPCI information-security requirements define cont...
      India
      Standard
      		 vLatest View →
      PCI-DSS PCI DSS PCI DSS is an industry security standard maintaine...
      PCI
      Standard
      		 v4 View →
      RBI-CSF RBI Cyber Security Framework / Master Directions RBI cyber-security requirements and directions set...
      India
      Regulation
      		 vLatest View →
      SEBI-CSCRF SEBI Cyber Security & Cyber Resilience Framework SEBI’s Cybersecurity and Cyber Resilience Framewor...
      India
      Regulation
      		 vLatest View →
      SOC2 SOC 2 Trust Services Criteria SOC 2 is an independent examination and reporting...
      AICPA
      Audit Framework
      		 vLatest View →

      Parent Domain Context

      Governance Domain Baseline
      Domain Name:
      Risk Management (RSK)
      Purpose:
      To identify, assess, and treat cybersecurity, privacy, and resilience risks.
      Scope:
      Enterprise
      View

      Compliance Requirements & Audit Crosswalk

      10 Specific Audit Clauses

      The following requirements dictate specific audit evidence criteria and testing steps mapped directly under this control.

      REQUIREMENT ID REQUIREMENT TITLE & DETAILS MAPPED CONTROL TYPICAL OWNER ACTION
      RSK-007-R001 KRI Framework The organization shall establish a frame... RSK-007 Key Risk Indicators (KRIs) Chief Risk Officer, Risk Management, CISO View ↗
      RSK-007-R002 KRI Definition The organization shall define key risk i... RSK-007 Key Risk Indicators (KRIs) Risk Management, Risk Owners, Risk Analytics View ↗
      RSK-007-R003 KRI Thresholds The organization shall define thresholds... RSK-007 Key Risk Indicators (KRIs) Risk Management, Risk Owners, CISO View ↗
      RSK-007-R004 KRI Monitoring The organization shall monitor KRI data... RSK-007 Key Risk Indicators (KRIs) Risk Management, Risk Analytics, Risk Owners View ↗
      RSK-007-R005 KRI Analysis The organization shall analyze KRI data... RSK-007 Key Risk Indicators (KRIs) Risk Analytics, Risk Management, Risk Owners View ↗
      RSK-007-R006 KRI Reporting The organization shall report on key ris... RSK-007 Key Risk Indicators (KRIs) Chief Risk Officer, Risk Management View ↗
      RSK-007-R007 KRI Escalation The organization shall establish escalat... RSK-007 Key Risk Indicators (KRIs) Risk Management, Risk Owners, CISO View ↗
      RSK-007-R008 KRI Review The organization shall conduct periodic... RSK-007 Key Risk Indicators (KRIs) Risk Management, Risk Analytics, CISO View ↗
      RSK-007-R009 KRI Effectiveness The organization shall evaluate the over... RSK-007 Key Risk Indicators (KRIs) Risk Management, Risk Analytics View ↗
      RSK-007-R010 KRI Continuous Improvement The organization shall drive ongoing enh... RSK-007 Key Risk Indicators (KRIs) Risk Management, CISO, Quality Management View ↗