Risk Management

Because technology is consistently growing and changing, preventative measures must include flexibility to allow for change and growth. Without these considerations, a business could jeopardize themselves by restricting the ability to expand or even update the systems with necessary security patches. Preventative measures should include future growth. As technology grows, risks increase. Protection mechanisms will change as new threats are introduced to business as well as new legislations. Many security standards are based on data protection regulations and as laws change or new laws are introduced, information technology is the most costly element in ensuring compliance. There could be costly ramifications with poor planning.

Risk response planning is the process of developing options to minimize threats and maximize opportunities. The risk response should be in line with

Reduce or mitigate risks, including actions targeted at threats, vulnerabilities, and/or consequences, by controlling movement and protecting borders, critical infrastructure, and the homeland. (United States, FEMA, n.d.).

Risk or threat is common and found in various fields of daily life and business. This concept of risk is found in various stages of development and execution of a project. Risks in a project can mean there is a chance that the project will result in total failure, increase of project costs, and an extension in project duration which means a great deal of setbacks for the company. The process of risk management is composed of identifying, assessing, mitigating, and managing the risks of the project. It

The reason the investigation was conducted was to gauge what was both good and bad about the new café opening, what needs to be changed in order to increase efficiency at work and any legislative laws involved.

The study reflects upon the possible and probable threats and the ways to mitigate those threats.

Include all aspects of the preparedness model, survey to identify threats and vulnerabilities, analyze all available material, plan how to prepare, prevent and/or respond, and mitigate any impact.

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,

The third phase of our risk analysis involves implementing the security controls. Security controls are essentially

Mitigation Strategy: To mitigate this risk we will do research on possible vulnerabilities and how to fix them before we begin the project. We will then utilize those strategies in our project plan.

Risk management and quality improvement initiatives have been instituted into the health care system and numerous other industries for the past several decades. This paper will discuss the improvement, implantation and usage of risk management and quality improvement initiatives of computer technologies and information security which have been utilized in non-health care industries within the last ten years. The paper will also look at rationale for the application, outcome of the application and two recommendations for follow-up with the application.

Mitigating risk - This is a discipline case that allows to stop a risk before it starts or carry it to an acceptable level. It analyzes potential threats early so the team can take apt steps to keep the risk from causing. A good way to mitigate risk is to set a contingency plan that will handle with the risk when it happens.

This comprises all forms of activities, including structural and non-structural measures to avoid (prevention) or to limit (mitigation and preparedness) adverse effects of hazards[4].

By defining key controls based on cyber threats (translated into business risks), an organization can more easily right-size the its control set and adapt it to their needs. Risk assessment processes that are near real-time, gated by the change control process, provide continuous feedback on the sufficiency of controls within an

Risk management is an activity which integrates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources. Some traditional risk managements are focused on risks stemming from physical or legal causes (e.g. natural disasters or fires, accidents, death). Financial risk management, on the other hand, focuses on risks that can be managed using traded financial instruments. Objective of risk management is