Best Way to Enhance Security Risk Management Alignment between IT and Business

C.

The best way for a CIO to enhance security risk management alignment between IT and business would be to establish a process in which IT and the business collaborate on risk assessment and mitigation prioritization (Option C).

Option A - Facilitating joint workshops for IT and the business on risk assessment techniques can be a good idea to educate both parties about the risk assessment process. However, it may not be the best way to achieve alignment between IT and the business, as the workshop participants may not fully appreciate the risks that the other group is facing.

Option B - Analyzing benchmark reports to understand the organization's security investments against competitors can be helpful in understanding the security investments of other companies in the industry. However, it does not necessarily lead to better alignment between IT and the business on security risk management.

Option D - Performing a trend analysis based on security investment levels and business initiatives can provide insights into how the organization has been investing in security over time. However, it does not necessarily lead to better alignment between IT and the business on security risk management.

Option C - Establishing a process in which IT and the business collaborate on risk assessment and mitigation prioritization can help to align the security risk management efforts of both IT and the business. This process can involve regular meetings between IT and business stakeholders to review risk assessments, identify new risks, prioritize risks, and develop mitigation strategies. The process can also include the development of a risk management framework that outlines the roles and responsibilities of IT and the business in managing security risks.

Overall, Option C is the best way to achieve alignment between IT and the business on security risk management. By collaborating on risk assessment and mitigation prioritization, IT and the business can work together to identify and address security risks that could impact the organization's goals and objectives.