Implementation of COBIT5 in a Higher Educational Institution in Australia
Keywords:
Data Governance, IT GRC frameworks, Cyber security in IT industry, Cyber capabilities, Cyber vulnerabilities, interrelation of GRC with Cyber securityAbstract
Based on the COBIT5 (Control Objectives for Information and Related Technology 5) framework and its implementation in the higher educational institution in Australia, this report presents the importance of IT Governance, the governance, risk and compliance framework and the methodology for COBIT5 to be properly implemented in this sector. This paper argues how COBIT5 can positively impact more than 1,100 institutions in Australia comprising more than 22,000 courses touching 1.3 million current students. The effect of COVID-19 on the higher education sector has also been taken into consideration in this paper and COBIT5’s immediate relief to it. The methodology to implement COBIT5 and the positive outcome of implementing it in higher educational institutions in the context of Australia can be discovered in this report in addition to the regulatory compliance, risk management system, and achievement of business needs and goals.