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What are the Benefits of CRISC certification?

Blog   |    11th July 2022   |   Rupali

Certified in Information Systems and Risk Controls, CRISC Certification is a specific qualification for IT professionals. Awarded by ISACA, it is considered as one of the most current and rigorous assessments available to evaluate the risk management proficiency of IT professionals.

 

The advancement of technology and the extended usage of the Internet of Things (IoT) has resulted in more cyber threats. According to the reports of Infosecurity Europe, almost 40% of the large companies believe that their third-party data is encrypted, thus leading to a data breach to ruin their business. CRISC Certification is an enterprise risk management qualification that ensures mitigating the IT risks and implementing information system controls.

 

Earning CRISC Certification helps candidates to progress their careers, potentially earn higher salaries, and stand in a better position in an organization.

Importance of CRISC

Data risk management is one of the top priority fields these days. Cybersecurity and data protection is of utmost importance in our personal and professional lives, especially for businesses. Any data breach can result in a substantial loss for a company. All of the organizations working in the present digital age need to keep their transactions secure. Professionals certified with CRISC have a greater understanding of IT risks and know how they can impact an organization. They are trained to devise strategies that can help mitigate the risks of data theft.

CRISC Certified professionals possess certain specific skills These are:

  • They are proficient in managing and controlling the information systems of an organization.
  • You will develop insights into the risks your organization may encounter.
  • You develop skills to recognize, evaluate, and control various IT risks in your enterprise.
  • You are the right candidate who can design appropriate plans and process information system control within an organization.
Thus, CRISC Certification not only helps uplift your career, but it can also make an employer’s job easy. As a CRISC-certified professional, you will develop better risk evaluation skills that can assure an organization’s risk management and control plans.

How to Obtain CRISC Certification

If you want to manage a company's IT risks and controls, you must add this certification to your portfolio. For CRISC Certification Training, you must have:

 

    • Work Experience: For CRISC Certification, a candidate must have at least three years of work experience in two out of four domains of CRISC. Moreover, you must have this experience within ten years prior to your application date.

 

    • Exam: Candidates looking to earn CRISC Certification need to pass the CRISC exam featuring 150 multiple choice questions with different point values. You have to score a minimum of 450 out of the maximum of 800 to pass the exam in four hours. Successful candidates with relevant work experience become eligible to apply for CRISC Certification.

 

  • Adhere to ISAC’s General Code of Ethics: The CRISC certified professionals have to adhere to a specific code of ethics, and violating them may result in you facing disciplinary measures. You have to perform with your responsibilities in a professional way with great due diligence.Moreover, you have to collect 20 contact hours of Continuing Professional Education (CPE) and need to pay maintenance fees. You also have to log a minimum of 120 CPE hours in a period of three years.

Benefits of CRISC Certification

CRISC Certification is a globally recognized qualification establishing that the certified holders have the necessary skills and tools to assess and manage enterprise risk. The benefits of CRISC Certification can be explained under the following headings:
  • 1. Benefits for Employees:
    Some of the fundamental benefits of CRISC Certification for the employees can be listed as follows:

     

      • Better Pay Grades: CRISC Certification will lead you to a better salary and a pay increase. As a certified professional, you are likely to earn more than your fellow peers. You will get a higher salary in comparison to the non-certified individuals. You will be in a better position to have a good appreciation for your salary in the future.

     

      • Better Opportunities: CRISC Certification prepares you for more critical future roles and sets you for promotions. This certificate enables you to advance your career as a security manager or as Chief Information Security Officer.

     

      • Better Portfolio: An added certification in a specific field makes your resume better. It establishes your competitiveness and makes you stand ahead of other applicants.

     

      • Better Knowledge of Risk Management: CRISC Certification Training ensures that you cover a wide range of topics about risk management. It signifies that you possess the right set of skills and resources to use in your IT jobs.

     

      • Better Communication Skills: When you are well-versed in security and risk control management, you can effectively communicate at-risk topics. You will be able to take on more responsibilities on the issues and can quickly educate the other people in the organization.

     

    • Better Knowledge: IT world is ever emerging, and maintaining CRISC Certification needs regular updates in your knowledge. So, this certification confirms that a CRISC certified candidate has up-to-date knowledge of IT risks and management, as per the current scenarios.

2. Benefits for Employers:
Employers stand to gain in more than ways for a CRISC certified employee. One of the most significant benefits is an overall improvement to the third-party security systems. A CRISC certified employee has a piece of sound knowledge and experience in

finding vulnerabilities in an organization's third-party security approach. They are the experts in designing better information security systems and have the know-how to execute them effectively.

  • A CRISC Certified professional has insight on complex risk topics. They are capable of explaining risk management topics to the stakeholders within an organization. CRISC certified employees can bring the following additional benefits to an organization:
    • These accredited professionals have excellent risk evaluation skill sets to be utilized by an organization.
    • They are proficient in communicating on multiple risk topics with the stakeholders of a company.
    • They can consistently develop specific language about information systems and controls.

Career Paths with CRISC Certification

Employers often seek for CRISC certified professionals while recruiting for the following positions, but not necessarily restricted to:
  • IS Managers
  • Business Analysts
  • Risk and Security Managers
  • Information Control Managers
  • Operational Managers
  • Chief Information Security Managers
  • Business Risk Professionals
  • Control Professionals
  • Project Managers
  • Compliance Professionals
  • Cybersecurity Experts and other IT professionals

Best Way to Passing CRISC Certification Training Exam

CRISC exam comprises of 150 MCQs, and you need to score a minimum of 450 out of 800. You are given four hours to answer all the questions. The most secure way to pass this exam is by breaking it into different domains and preparing one at a time. The CRISC exam content outline was revised considering the evolving needs of practitioners. The new test methodology is based on an increased focus on business and corporate governance, with data privacy and protection.

The newer refreshed domains have emerged after extensive research from IT risk and control subject matter experts from all over the world. The four domains of CRISC are as under:

    • Domain 1: IT Risk Governance (26%): Here, you will learn about the requirements and actions an organization takes to help it collect data to identify threats, vulnerabilities, and risks. You will have to prepare questions under the scenario to determine the impact of potential hazards on an enterprise.

 

    • Domain 2: IT Risk Assessment (20%): This domain covers security assessment programs created to assist organizations in identifying the areas that might be risky for them. Here you will be tested for your knowledge of the desired state of your organization's IT environment and the current state of risks. This domain also focuses on testing existing controls and sharing the analysis with various company stakeholders.

 

    • Domain 3: Risk Response Mitigation (32%): This domain educates on how to implement effective responses to various risks and guides to apply the proper controls for mitigating these risks. It also focuses on evaluating threat response effectiveness and restoring the organization's processes to normal. This includes documentation of procedures, controls, risk register updates, and implementation of risk control policies.

 

    • Domain 4: IT Risk and Security (22%): This final domain lays emphasis on the need for constant monitoring of the existing IT risks and the effectiveness of strategies for risk management. This domain also helps candidates to understand the process of reporting to the stakeholders and to the upper management of an organization. Here you will ask questions on monitoring and key-risk-indicator analysis along with the level of key performance indicators.

 

  • CRISC Certification Training from Knowlathon is designed to help candidates to keep the focus on enterprise IT risk management. Knowlathon offers the best trainers from the industry who are knowledgeable and have experience on the topic you are going to learn. If your organization is finding itself in a situation finding challenging to deal with the technicalities of data handling, they will need a certified CRISC professional like you. If you are looking for a higher position in your organization and want to pursue entrepreneurship, the CRISC Certification Training is an excellent add-on to your resume.