What role does the Information System Owner play in risk management?

The Information System Owner plays a crucial role in risk management by being primarily responsible for the security and protection of their information system. This responsibility encompasses identifying potential risks to the system, ensuring that necessary controls are in place, and implementing measures to mitigate those risks. The Information System Owner must continuously assess the system's vulnerabilities and ensure compliance with policies and regulations regarding information security.

In this capacity, the Information System Owner collaborates closely with other stakeholders, such as cybersecurity professionals and risk management teams, to enhance the system's security posture. Their role includes establishing and enforcing security policies, conducting risk assessments, and ensuring that security measures are effectively integrated into the system's operations.

This responsibility distinguishes the Information System Owner from others who may have narrower focus areas, such as financial aspects, maintenance procedures, or access coordination, which do not directly involve overarching responsibility for the security and protection of the information system itself.