What is control framework?
A control framework is a set of controls that protect data within the IT infrastructure of a company or other entity. The control framework acts as a comprehensive security protocol that protects against fraud or theft by a range of outside parties, including hackers and other types of cyber criminals.
Although the control frameworks vary based on the needs and characteristics of the business or organization, several key characteristics are often part of these plans. This includes ideas for risk assessment such as goal setting, event identification and developed response plans. Compliance with government requirements or industry guidelines can also be part of a control framework.
Other parts of a control framework may include monitoring and other elements called control activities. Monitoring processes can include transaction reviews, quality assurance reviews, and various types of audits. Control measures promote compliance and risk minimization and can include authorizations, reviews and reviews of IT processes, hardware setups or other elements of an infrastructure.