Introduction to risk management and its component, Computer Network Security


Risk management is the procedure of identifying and controlling risks facing an organization. Risk management is the discipline which is employed for identifying, monitoring and limiting risks. In some of the cases the acceptable risk can be near zero. Risks can occur from accidents, natural calamities and disasters as well as deliberate attacks from an adversary. The several components of risk management and their relationship to each other are shown in Figure given below.2.1.The main ISO standards on risk management include in businesses, risk management organized activity to manage threats and uncertainty and involves people following procedures and by using tools in order to ensure conformance with risk management policies
Components of Risk Management

The whole process is made up of 2 major components. They are

• Risk identification is the procedure of examining and documenting an organization’s present information technology security situation.
• Risk control is the procedure of applying controls to reduce risks to an organizations data and information system.

Risk management is used in the public sector to identify and mitigate the risk to critical infrastructure. These methodologies comprise of the following elements, performed in the following order.

• identify assets and identify which are the most critical
• identify, characterize, and assess the threats
• assess vulnerability of critical assets to specific the threats
• determine the risk (that is the expected consequences of specific types of attacks on specific assets)
• identify the methods to reduce those risks
• prioritize the risk reduction measures based on strategy



1319_component of risk management.png

Posted Date: 10/8/2012 5:44:17 AM | Location : United States

Related Discussions:- Introduction to risk management and its component, Assignment Help, Ask Question on Introduction to risk management and its component, Get Answer, Expert's Help, Introduction to risk management and its component Discussions

Write discussion on Introduction to risk management and its component
Your posts are moderated
Related Questions
Question: Human telephone conversations are characterized by irregular pauses, alternating with irregular bursts of speech. In contrast, communication via computers is char

- Alice, Bob and Charlie have a secret key a=3, b=4, c=5, in that order. - They would like to find a common secret key using Diffie-Hellan key exchange protocol (with g=2, p=5).

Wireless Networks The origin of wireless networks and their ubiquity in the technological environment poses a new type of exposure and vulnerability for network security. Cont

Problem 1: Discuss how TWO of the following gurus have contributed to the Quality Movement, highlighting the major points of their philosophies: (a) Edward Deming (b) Jose

FRAGMENTATION Fragmentation information is kept in different extension header.  Every fragment has base header and fragmentation header. Whole datagram including original hea

i have an idea of clustering in wsns . where each and every sensor node use the reputation scheme and while clustering provide help against the selfishness atatck of the sensor nod

every time i connect to WIFI the UC goes directly to 100% then i doesn''t want to come down. what shall i do ?

ADDRESS RESOLUTION WITH MESSAGE EXCHANGE An alternative to local calculation is a distributed function. A computer that requires to find an address transmits a message across

Question: (a) Besides privacy, what other security functions does Pretty Good Privacy (PGP) provides? (b) What is the Post Office Protocol (POP) used for? Why is it impo

WHY USE AN IDS? IDS prevent from problem behaviors by increasing the perceived risk of discovery and punishment. Detect the attacks and other security violations. Detect and at