Risk Building Blocks and Gender Differences: An Analysis

Risk monitoring and control is the next step and involves the owners of the risks to monitor various risk triggers. This works by scanning the project environment for both identified and unidentified threats and opportunities much like a radar screen (Marchewka, 2009). This approach directly relates to how to respond to the risk. Risk response allows the owner of the risk to commit resources and take actions once the risk is known or opportunity is available. This action usually follows the planned risk strategy.

Risk management or more know as risk assessments by Dimensions are about identifying risks and finding the most suitable way of making them as safe as possible for the individual service users, service user and in

Risk management is the process of prioritizing various risks to determine a the best course of action to take given set resources, importance, or abilities. Risk is determined by a simple mathematical function.

Risk management is a process for identifying, assessing and prioritizing risks of different kinds. Once the risks are identified, the risk manager will create a plan to minimize or eliminate the impact of negative events. A variety of strategies is available, depending on the type of risk and the type of business. There are a number of risk management standards including those developed by the Project Management Institute the International Organization for Standardization the National Institute of Science and Technology and actuarial societies. Organizations uses different strategies in proper management of future events such as risk assumption, risk avoidance,

Throughout all phases of risk management planning, the specific topic of discussion will be risk identification, awareness and communication. Risk Identification consists of determining which are likely to have an effect on the organization, and documenting the characteristics of each risk. Risk Awareness requires that all Defense Logistics Information employees and contractors be aware of what constitutes a risk and specific events or factors that could potentially impact the organization in a negative way. Risk communication involves bringing risk factors or events to the attention of the IT Manager.

Risk management includes the “overall decision-making process of identifying threats and vulnerabilities and their potential impacts, determining the costs to mitigate such events, and deciding what actions are cost effective to take to control these risks” (Conklin et al, 2012, pg. 678). For the proper development of risk management techniques, every person at every level of the organization, especially those involved in the Information Security (IS) department “must be actively involved in the following activities:

Due to the lack in data security elements, the following recommendations are suggested: strategy and risk assessment. Overall data security begins with the identification of risks and the strategy on the solution to those risks. This can be accomplished through a Strength Opportunities, and Threats (SWOT) analysis. Strengths and weaknesses are derived from internal factors, such as employees, while opportunities and threats are derived from external factors, such as hackers (Value Based Management, 2011).

In this paper I will be discussing some of the benefits of having frameworks for information security management. What each of the frameworks of information security are, their pros and their cons. Which major perspectives to consider in information security management and framework choice. What organizational factors should be considered in framework choice? I will also attempt to come up with a better framework for information security.

Risk analysis is an integral part of data safety within an organization and the analysis is vital to the mission and success of an organization. Risk analysis is used “to identify threats and then provide recommendations to address these threats” (Taylor et al, 2006). Risk analysis encompasses not only the equipment and programs used in an organization but also covers the culture, managerial, and administrative processes to assure data security. A key factor in risk analysis is to have a good Information Resource Management Plan.

Risk can be defined as R=f(C, V, T). R stands for the level of risk and helps to establish priority for a critical infrastructure asset. C stands for the consequences of an attack on a particular target in terms of general public health. V is an assessment of the vulnerability of a target. Some targets are more easily attacked than others (Gaines and Kappeler, 2012). T stands for the likelihood that a target will be attacked. Once security goals have been established and risk has been assessed the next thing to do is establish security priorities. This should help planning and coordination between agencies with the allocation of resources. A larger amount of resources will be needed for assets with higher risk than the others. Prevention and mitigation efforts include various processes and security approaches or a combination of measures. This process will help to provide substantial information relative to securing critical infrastructure assets as well as implementing cost effective security measures (Gaines and Kappeler,

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

Risk management is the term applied to a logical and systematic method of establishing the context, identifying, analyzing, evaluating, treating, monitoring and communicating risks associated with any activity, function or process in a way that will enable organizations to minimize losses and maximize opportunities. (Lecture notes)Risk Management is also described as 'all the things you need to do to make the future sufficiently certain'. (The NZ Society for Risk Management, 2001)

Good security management requires risk management to mitigate or reduce risk to an acceptable level within an organization. Security management’s objective is to protect the company and its assets. A proper risk analysis will identify the company’s major assets, threats that put those assets at risk, and estimate the possible damage and loss a company may endure if any of the threats were to become real. With a good risk analysis, management can determine the type of budget they want to set to mitigate threats. Risk analysis justifies the cost of the countermeasures against the threats and determines the benefit or worth of security

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.

Designing a working plan for securing the organization s information assets begins by creating or validating an existing security blueprint for the implementation of needed security controls to protect the information assets.  A framework is the outline from which a more detailed blueprint evolves.  The blueprint is the basis for the design, selection, and implementation of all subsequent security policies, education and training programs, and technologies.  The blueprint provides scaleable, upgradeable, and comprehensive security for the coming years.  The blueprint is used to plan the tasks to be accomplished and the order in which