Risk control strategies-, Computer Network Security

Risk Control Strategies

Once the ranked vulnerability risk worksheet has created, they should choose one of following 4 strategies to control each risk:
•Apply safeguards which eliminates/ reduce the remaining uncontrolled risks for the vulnerability.
•Transfer risk to other areas /to outside entities.
•Reduce impact should the vulnerability be exploited.
•Understand consequences and accept risk (acceptance) without control/mitigation.

Avoidance
•Attempts to avoid exploitation of vulnerability
•Preferred approach; accomplished through countering threats, restricting asset access, removing asset vulnerabilities, and adding protective safeguards
•Three basic methods of risk avoidance:
-Application of policy
-Training and education
- Applying technology

Transference

•Control approach which attempts to shift risk to other assets, or organizations
•If lacking, organization should hire individuals/firms which provide security management and administration expertise
•Organization may then transfer risk related with management of complex systems to another organization experienced in dealing with the risks.

Mitigation


•Attempts to reduce the impact of vulnerability exploitation through planning and preparation

•Approach includes 3 types of plans:
-Incident response plan (IRP)
-Disaster recovery plan (DRP)
-Business continuity plan (BCP)’

Acceptance

•Not doing anything to protect vulnerability and accepting outcome of its exploitation
•Valid when the particular function, information, or asset doesn’t justify cost of protection
•Risk appetite describes the degree to which the organization is willing to allow risk as trade off to the expense for applying the controls.

Posted Date: 10/9/2012 2:14:54 AM | Location : United States







Related Discussions:- Risk control strategies-, Assignment Help, Ask Question on Risk control strategies-, Get Answer, Expert's Help, Risk control strategies- Discussions

Write discussion on Risk control strategies-
Your posts are moderated
Related Questions
Short term Scheduler function , also shown as a dispatcher runs most frequently, and creates the finest-grained decision of which program could run next. This scheduler is called

Network security is an issue for companies regardless of whether they participate in electronic commerce; however, since most organizations have a Web site that allows some interac

TOKEN RING Many LAN methods that are ring topology need token passing for synchronized access to the ring. The ring itself is acts as a single shared communication phase. Both

(a) Explain the importance of the Euler Totient function in Cryptography. Calculate Euler Totient function value, φ(1280). (b) Explain the role of the Authentication Server (

Evaluations, Assessment, and Maintenance of Risk Controls When the control strategy has been implemented, it should be monitored and measured on an ongoing basis to determine ef

Question: (a) Which type of attacker represents the most likely and most damaging risk to your network? (b) What is the basic reason that social engineering attacks succeed?

ADDRESS RESOLUTION AND PROTOCOL ADDRESSES Address resolution (ARP) is a network interface layer protocol. Protocol addresses are used in all upper layers. Address resolution s

hi have a look and tell me if u can do it. if u can do Q1then i will allow u to do Q2

what is an SSID?

In broadcast topology there are further two types 1) SATELLITE\RADIO 2) RING TOPOLOGY In a radio or satellite topology every computers are connected to each other via radio o