Risk control strategies-risk management, 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:
1 Application of policy
2 Training and education
3 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:

1 Incident response plan (IRP)

2 Disaster recovery plan (DRP)

3 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: 10/8/2012 6:44:24 AM | Location : United States







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

Write discussion on Risk control strategies-risk management
Your posts are moderated
Related Questions
Question: a) How many bits per second can be sent on a noiseless 4 MHz channel if four-level digital signals are used? b) If a binary signal is sent over a 3 KHz channel who

Question (a) In relation to a TCP segment structure, provide the fields responsible for: i. Connection Management ii. Flow Control iii. Error Control iv. Reliable, in-order

what is the guaranteed quality of this coursework? how many days it take for 10-12 pages? how much will be? thanks


Maximum Transmission Unit  (MTU) Each hardware method specification adds the definition of the maximum size of the frame data area, which is known the Maximum Transmission Uni

how much would you charge for minimum 20 pages

Broadcasting is the distribution of video and audio content to a whole audience via any audio or visual mass communications medium, but generally one using electromagnetic radiat

Asymmetric Encryption Asymmetric encryption method makes use of two different but related keys and either key can be used to encrypt or decrypt the message. This method is freque

WFABilling project in Java:  Project Title: WFABilling   Role                      : Developer Domain                 : Tele-Com Environment          : Java, J2EE, S