Alternative Main Post Option For Risk Management

Prepare an (approximately) 200 word summary of the textbook material you have read this week on Chapter 6. This summary should be entered in your learning journal this week.

The periodic assessment of risk to agency operations or assets resulting from the operation of an information system is an important activity. It summarizes the risks associated with the vulnerabilities identified during the vulnerability scan. Impact refers to the magnitude of potential harm that may be caused by successful exploitation. It is determined by the value of the resource at risk, both in terms of its inherent (replacement) value, its importance (criticality) to business missions, and the sensitivity of data contained within the system. The results of the system security categorization estimations for each system, is used as an aid to determining individual impact estimations for each finding. The level of impact is rated

Summary: Summarize the important aspects of the reading section in a minimum of five sentences. Use main points only, avoid including your personal opinions, and use attributive tags:

The concept of cost-benefit sounds simple enough but to apply it you have to decide how to measure relative costs and benefits which can become tricky. Different people may feel differently about the value of different things. A classic example is whether a not you should walk downtown to save $100 on a $500 dollar guitar. The benefit here is saving $100. The cost being the time it takes for you to walk downtown and what else you could be doing in that time. If you feel that your time is worth $100 than you make the trip downtown. If you feel your time is not worth a $100 then you do not make the trip. However if you decide to make the trip then you should make that same trip to save $100 even if you are buying a $3,000 painting. It is important to ignore proportions and focus on absolute dollar amounts.

Risk assessment and threat assessment should go hand-in-hand.The outcome of the risk assessment and threat assessment should provide recommendations that maximize the protection of confidentiality, integrity and availability while still providing functionality and usability. The purpose of a risk assessment is to ensure sensitive data and valuable assets are protected. An organization should take a hard look at who has access to sensitive data and if those accesses are required. The security audit should monitor the companies systems and users to detect illicit activity.The security audit should

Read each question carefully and answer only the question that is asked. Answers for each question should be 2 pages, typed, Times New Roman, 12 point font, double spaced, with one inch margins. This document is already formatted correctly.

A) I believe the best cost-benefit analysis technique is the “time value of money” technique. Of course it is beneficial for a project manager to know the benefits of the project as well as the overall cost of the project, but determining if the time value of money is worth the effort is another factor the manager must consider. The time value of money is the comparing the expected cost of the project compared the expected returns/benefits of the project. If the costs both present and future outweigh the benefits, the project is probably not worth the time spent.

This is not a process to be rushed. In fact, my sense is that this is one book that requires more time than the shorter terms allow. Because of this, I will not finish the exercises in the final three chapters until sometime in August. I did read these chapters, however, mostly to get the full sense of the book. My Critical Parent tried—on more than one occasion—to tell me this work is a waste of my time. So far, I have successfully resisted these attempts to keep me from completing the

Write a 700- to 1,050-word paper based on your review and research in which you complete the following:

Prepare a 200 word (approximately) summary of the textbook material you have read this week in Chapter 17. This summary should be entered in your Learning Journal this week.

Research shows that various risk management tools exist, ranging from the strict minimum to very comprehensive methodological (Harrison 1997). In different countries there are different methods applied in risk management, however the methodology is the same, systems characterization and description, threat and vulnerability identification, risk assessment and recommended

Information security professional’s job is to deploy the right safeguards, evaluating risks against critical assets and to mitigate those threats and vulnerabilities. Management can ensure their company’s assets, such as data, remain intact by finding the latest technology and implementing the right policies. Risk management focuses on analyzing risk and mitigating actions to reduce that risk. Successful implementation of security safeguards depends on the knowledge and experience of information security staff. This paper addresses the methods and fundamentals on how to systematically conduct risk assessments on the security risks of information systems.

The reader will become familiarised with the term risk and it definitions from specifically the ISO 31000 standard of risk management and also the definition of risk from the criminology crime triangle. Which one of these two definitions that are the most suitable for usage within the security industry will be discussed and evaluated. How and why consequence is important when assessing risk priorities and determining where to allocate resources will be examined and answered.

Demand and profit function is used to determine benefit of the services. The first step includes calculating warranty, replacement length and price which changes according to real life situation. Same can be calculated for remanufacturing products.

On the other hand, Mukhopadhyay et al (2005) had come up with a utility model in determining the insurability of cyber risks. This model uses insurance as a supplementary tool to help reduce the financial loss due to e-risks. This model works to find the out the price of a company’s premium based on the risk profiles of the clients as well providing the types of e-risk products can be used by a particular company. This model focuses on calculation of risks in response to the premium price offered based on actuarial sciences. The utility model is based on the assumption of the user, having an initial capital of W, and access the internet through an ISP, making him vulnerable to risks of cyber attacks such as hacking and malware, hence, the risk of financial loss (X)