ISO 31000 vs MoR: Closing the Risk Management Gap
The ITSM Practice: Elevating ITSM and IT Security KnowledgeShow Notes
Enterprise Risk Management (ERM) often looks mature—risk registers, ISO 31000 alignment, MoR processes—yet fails to influence real decisions. In fintech and regulated environments, risk governance must shape judgment, not just document compliance. This episode explores why ISO 31000 and MoR lose impact under pressure, and how to align risk appetite, decision-making, and operational execution before risk accumulates.
In this episode, we answer to: How can ISO 31000 truly influence enterprise decision-making in fast-moving fintech environments? Why does Management of Risk (MoR) become procedural compliance instead of strategic risk governance? How can Enterprise Risk Management integrate risk appetite, governance, and operational execution without losing agility?
Resources Mentioned in this Episode: Axelos website, white paper "Everything You Wanted to Know About MoR in Less Than 1,000 Words", link https://www.axelos.com/resource-hub/white-paper/everything-you-wanted-to-know-about-m-o-r-in-less-than-1000-words
Goodelearning website, article "What is Management of Risk (M_o_R)?", link https://goodelearning.com/articles/what-is-management-of-risk/
Best Practice LMS website, article "M_o_R® - Introduction", link http://www.bestpracticelms.com/mLearn/SPM-App/MOR.html
ISO official website, ISO 31000:2018 standard, link https://www.iso.org/standard/65694.html
Pacific Certifications, article "ISO 31000: Risk Management Framework Explained for Modern Organizations", link https://blog.pacificcert.com/iso-31000-risk-management-framework-explained/
Connect with me on: LinkedIn: https://www.linkedin.com/in/theitsmpractice/ Website: http://www.theitsmpractice.com And if you want more tips and guidance, follow me on LinkedIn. I am sharing daily posts regarding Enterprise Service Management, IT Service Management, and IT Security.
Credits: Sound engineering by Alan Southgate - http://alsouthgate.co.uk/
Graphics by Yulia Kolodyazhnaya
More from The ITSM Practice: Elevating ITSM and IT Security Knowledge
How can an MSP grow revenue without growing headcount at the same rate? In this episode of The ITSM Practice Podcast, Luigi Ferri explores how MSPs can protect margins through a scalable Target Operating Model, standardization, automation, AI, knowledge management, self-service, suppliers, and Professional Services.
What happens when a cyber-physical threat crosses Cybersecurity, Physical Security, Facilities and IT Operations? This episode explores how SOC teams can correlate signals, establish incident ownership, define escalation thresholds and build a unified operating model to protect critical infrastructure and business services.
Does your SOC really protect the entire business, or does its visibility stop at the firewall? In this episode of The ITSM Practice Podcast, Luigi Ferri explores drone threats against data centers and what they reveal about gaps between Cybersecurity, Physical Security, Facilities, IT Operations and Business Continuity. Discover why CISOs need to rethink the traditional cyber attack surface and focus on protecting the complete service.
AI that summarizes an incident is one thing. AI that disables accounts, isolates endpoints and blocks connections is another. In this episode of The ITSM Practice Podcast, Luigi Ferri explains the ITIL 5 6C Model for AI and why CIOs, CISOs and MSPs need to stop asking, “Are we using AI?” and start asking, “What are we allowing AI to do?”
A critical vulnerability is not automatically a critical business risk. If your CMDB only tells you which server is affected but not the customer, service, contract, SLA, or revenue behind it, you are missing the information that matters. This episode explains why CISOs need a business-aware CMDB to connect technical risk with real business impact.