Control transparency framework

US8256004B1 · kind B1 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Marshell L. Hill · Flower Mound, US
• Tianay Carroll · Coppell, US
• Johnna Carter · Richardson, US
• Chris Higgins · Wake Forest, US
• Chad Renfro · Collinsville, US
• Dan Yomine · Trophy Club, US

Key dates

• Filing date: Oct 29, 2008
• Grant date: Aug 28, 2012
• Expiry date: May 23, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q10/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Embodiments of the present invention are directed to methods, systems and computer program products for a control transparency framework which is, in one embodiment, a transparent (i.e. easy to understand) and actionable risk/reward approach for organizational processes, controls, training and development. The control transparency framework method includes identifying threats to an organization, developing a risk score for each of the threats to develop a threat portfolio, developing a maturity portfolio, developing a control portfolio, determining a gap portfolio, and developing a control transparency portfolio to close gaps. A gap exists between a target state maturity level of each identified threat and a current maturity level of each control assigned to handle each identified threat, such that the gap occurs if the target state maturity level is at a level that is lower than the control maturity level.