Risk control strategies-risk management, Computer Network Security

Assignment Help:

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.


Related Discussions:- Risk control strategies-risk management

Military and space technology, crack the secret message and explain how the...

crack the secret message and explain how the code works. The clue is that it has something to do with the computer keyboard. J-Q-H-6 Q-E-F-Q-H-D-3-W 8-H 5-Y-3 7-W-3 9-R--D-9-J

Direct sequence modulation, Question 1 a) Provide three advantages of ...

Question 1 a) Provide three advantages of using optical fiber. b) Distinguish between "Direct Sequence Modulation" and "Frequency Hopping" c) Decribe the purpose of using "

What is ftam-file transfer access and management, Describe what the FTAM se...

Describe what the FTAM services are. FTAM  stand for the File Transfer Access and Management: FTAM is an ISO application protocol which performs the operations on files such as.

Major difference between a virus and a worm, Question: (a) State wheth...

Question: (a) State whether the following statements are TRUE or FALSE. Justify your answer. i. A good site security policy will require that users use computer generated p

Briefly explain the contents of the needs analysis, QUESTION (a) Brief...

QUESTION (a) Briefly explain the contents of the Needs Analysis, which is step in the process of network design. (b) Describe on the three ways of improving the performan

Hashing, Hashing is the transformation of a string of characters into a g...

Hashing is the transformation of a string of characters into a generally shorter fixed-length key or a value that presents the original string. Hashing is used to index and retri

Tree decomposition, (a) Define what you understand by the following terms ...

(a) Define what you understand by the following terms in Network Flows: i) UnDirected Path ii) Directed Path iii) Directed Cycle. iv) Tree In each of the above, expla

Explain how ethernet deals with collisions, (a) Describe how CSMA/CD operat...

(a) Describe how CSMA/CD operates and explain how Ethernet deals with collisions. (b) Describe how the subsequent protocols work: i. ARP ii. DHCP iii. DNS iv. SMTP (c) The

Broadband Technology, In 10 or more pages, address the following topics (be...

In 10 or more pages, address the following topics (be sure to use diagrams as well as references). 1) Define broadband and baseband transmission technology. 2) Describe broadban

Transmission errors in networking, TRANSMISSION ERRORS:  Transmission...

TRANSMISSION ERRORS:  Transmission exceptions may happen due to different causes for example power surges or interference may delete data during transmission. In result of wh

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd