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CRISC Certification and Benefits | A Complete Guide with Best Practices

Last updated on 27th Oct 2022, Artciles, Blog

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Swathi Gopinath (Software Engineer - MicroStrategy )

Swathi Gopinath, a software engineer at MicroStrategy, provides the most powerful, scalable, and user-friendly platforms for analytics, mobility, and security. She plays a role in enabling MicroStrategy products to be best-in-breed and optimized for leading organizations to analyze big data and distribute actionable business insight across their enterprise.

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    • In this article you will get
    • Introduction
    • What is CRISC accreditation?
    • Why is CRISC valuable?
    • Certification for CRISC
    • How much does CRISC cost?
    • ISACA CRISC certification career advantages
    • Employer advantages of ISACA CRISC certification
    • How to get ISACA CRISC certification?
    • Conclusion

Introduction

If you are a professional in the field of information technology, then you are aware of the importance of consistently enhancing your skill set. There are a variety of certifications available that can assist you in obtaining a promotion or a better job. CRISC certification is hence the topic of focus today.

What is CRISC accreditation?

Certified in Risk and Information System Control is the abbreviation for CRISC. CRISC is defined on the ISACA website as “the most current and rigorous assessment available to evaluate the risk management proficiency of IT professionals and other personnel within an enterprise or financial institution.”

CRISC certification is a merit-based qualification that confirms your knowledge and skills in risk management. CRISC-certified specialists assist businesses in comprehending business risk and have the technical know-how to establish the most effective information security policies and controls.

The CRISC certification provides the greatest value to the following professionals:

  • Analysts in economics
  • Professionals in conformity
  • Personnel in charge of
  • IT specialists
  • Project managers
  • Specialists in risk
ISACA certifications

Why is CRISC valuable?

In light of the development of cybercrimes, especially in terms of data theft and fraud, risk management has become a major concern. As more aspects of our personal and professional lives migrate to the digital realm, cybersecurity has become a significant responsibility, particularly for organizations. After all, a serious data breach could result in huge financial losses or even company bankruptcy. A company that is unable to keep its transactions secure develops a reputation for being unreliable and hazardous, which could result in irreparable harm.

CRISC-certified professionals develop a deeper awareness of the risks associated with information technology and its effects on the overall organization. Moreover, they create plans and strategies for managing these risks. Lastly, CRISC specialists develop a common language to facilitate communication and comprehension between IT groups and stakeholders.

Certification for CRISC

  • Is a tangible indication of your knowledge and skill as a risk professional, and demonstrates that you have successfully completed CRISC training.
  • Increases your value to any business or organization that desires to properly manage IT risk.
  • Provides you with an advantage over other candidates who are applying for a job or seeking a promotion.
  • Provides access to the ISACA global community of knowledge, including the most recent concepts in IT risk management.
  • ISACA’s ongoing education and ethical requirements assist you in attaining and sustaining a high level of professional conduct.

How much does CRISC cost?

Depending on where you live and how much time you have available, you can take the CRISC exam at a variety of locations and dates. Find the most convenient time and location here. ISACA members pay $575 for the 2021 CRISC exam, while non-members must pay $760. Exam payments are not transferable nor refundable.

ISACA CRISC certification career advantages

ISACA CRISC certification is globally recognised, hence providing certification holders with significant benefits, primarily in demonstrating to existing/potential organizations and clients that they have the skills and tools to evaluate and manage enterprise risk. The following are primary advantages of CRISC certification:

  • An internationally accepted certification demonstrating SME proficiency in business risk and data systems management.
  • Provides companies and clients with a larger fee-upload for risk management and evaluation.
  • Advantages of effectively communicating risk and control topics to a variety of organizations, including allies and stakeholders (e.g., customer base, development teams, or C-level audience).
  • Career advancement with a greater competitive advantage over other candidates or peers Encourages continuous development and current knowledge.

Employer advantages of ISACA CRISC certification

In addition to adhering to ISACA’s code of ethics, CRISC-certified employees provide their organizations with the most up-to-date technology and tools addressing risk, data structures, and controls. Such personnel bestow the ensuing additional benefits:

    1. 1.Exceptional risk assessment abilities that might be utilized by their outstanding business.
    2. 2.Capability to articulate a variety of risk-related topics to a large stakeholder group.
    3. 3.Belief in their organization’s threat management and management plans.
    4. 4.Development of a standard and consistent specification and language for statistical structures and controls.
    5. 5.Career opportunities.

Certified in Risk and Information Systems Control (CRISC) is the most recognised method for evaluating the risk management skills of candidates or employees. Employers frequently seek CRISC certificates when hiring for a variety of positions, including but not limited to:

  • IT directors
  • Analysts for IS or businesses
  • Managers of risk and safety
  • Managers of information security
  • Managers of operations

Chief Information Security and Compliance Officers

CRISC-accredited professionals continually market their expertise by finding new employment, advancing to higher-level positions, and earning higher remuneration than their peers. This is directly related to their capacity to perform risk management responsibilities more effectively and to provide excellent value to businesses.

How to get ISACA CRISC certification?

To obtain your CRISC certification, you should:

  • Complete the CRISC examination.
  • Comply with the ISACA expert code of ethics.

The artwork experience must be obtained within five years of the certification application date or within ten years of the application date, whichever is later. Employers must provide evidence of all relevant employment experience. Applicants who no longer meet these requirements will be forced to retake the exam.

The examination consists of one hundred and fifty questions with a required bypass mark of 450. 800 is the highest possible score that can be attained. Candidates can practice for certification once the exam has been taken if all other requirements have been met.

Four domains on the CRISC examination play a significant role in determining certification eligibility:

  • IT Risk Identification (27%).
  • IT Risk Assessment (28%).
  • Risk Response and Management (23%).
  • Reporting on risk and control monitoring.
Domains that use CRISC

Conclusion

The CRISC certification is a worldwide recognised certification for enterprise risk and controls, providing significant value to its holders and their management or customers. CRISC certification holders can directly demonstrate their professional capabilities as a common differentiator, earning a competitive advantage over peers in order to acquire more prestigious roles and higher wages. Employers select licensed talent units in this field, with a high demand for workers in short supply. The CRISC certification will continue to be a gold standard in the field of risk and information systems management, boosting vocations from Security Analyst to Chief Information Security Officer.

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