Principles of Information Security (MindTap Course List)
6th Edition
ISBN: 9781337516938
Author: WHITMAN
Publisher: Cengage
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Expert Solution & Answer
Chapter 12, Problem 5E
Explanation of Solution
Risk assessment:
- Risk assessment is used to define the overall method or process where the person identifies hazards and risk factors that have the potential to cause harm.
- Evaluate and analyze the risk related with that hazard
- Determine correct ways to remove the hazard or control the risk when the hazard can’t be removed.
Critical risks:
The risk assessment is a process of finding and documenting the risk that a process, action or project introduces to the institute and may also include proposing suggestions for controls that can decrease that risk.
Business partner risk assessment:
It is used when a suggestion for connectivity with business partners is being estimated...
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Have you experienced scope creep in your development of a Risk Management Plan (or other policy)? If so, how did you handle it? If not, what actions would you have taken to control scope creep? (Remember, if you have not personally experienced this situation, please research a company or individual who has dealt with scope creep and provide a brief overview of their situation. Be sure to copy/paste the link from which you retrieved the information)
Your team represents the ERP Design and Development Project for a XYZ hospital. Your company's senior management has requested that you prepare a risk management plan that identifies potential risks and identifies risk management strategies. From the course content and readings, you know that the overall purpose of risk planning is to anticipate possible risk events and be ready to take appropriate action when risk events occur, to eliminate or reduce negative impacts on the project.
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Chapter 12 Solutions
Principles of Information Security (MindTap Course List)
Ch. 12 - Prob. 1RQCh. 12 - Prob. 2RQCh. 12 - Prob. 3RQCh. 12 - Prob. 4RQCh. 12 - Prob. 5RQCh. 12 - Prob. 6RQCh. 12 - Prob. 7RQCh. 12 - Prob. 8RQCh. 12 - Prob. 9RQCh. 12 - Prob. 10RQ
Ch. 12 - Prob. 11RQCh. 12 - Prob. 12RQCh. 12 - Prob. 13RQCh. 12 - Prob. 14RQCh. 12 - Prob. 15RQCh. 12 - Prob. 16RQCh. 12 - Prob. 17RQCh. 12 - Prob. 18RQCh. 12 - Prob. 19RQCh. 12 - Prob. 20RQCh. 12 - Prob. 1ECh. 12 - Prob. 2ECh. 12 - Prob. 3ECh. 12 - Prob. 5ECh. 12 - Prob. 1CEDQCh. 12 - Prob. 2CEDQCh. 12 - Prob. 1EDM
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- Which of the following are stages of risk-based analysis Select one: a. Risk identification, analysis and classification, decompisition and reduction assessment are not the complete stages b. Risk identification, analysis and classification, decompisition and reduction assessment c. Risk decompisition and reduction assessment d. Risk identification, analysis and classificationarrow_forwardyou are required using your own words to discuss each of the topics below. You need to limit your discussion on each topic to be between 200 to 400 words. Risk Management Strategies in Software Engineeringarrow_forwardA recommended approach is that the people assigned to implement a risk management program should begin by studying the models presented earlier in this chapter and identifying what each offers to the envisioned process. Once the organization understands what each risk management model offers, it can adapt one that is a good fit for the specific needs at hand. Which risk control strategy would you consider the most effective and why? When should the strategy be used and why should it not be used for all risks?arrow_forward
- You are needed to discuss each of the themes listed below in your own words, using your own terminology. You must keep your discussions on each subject to a maximum of 200 to 400 words in length each. Risk Management Techniques in the Field of Software Engineeringarrow_forwardDetermining whether or whether the dangers are under control What aspect of risk management is responsible for dealing with these dangers and risks? Is it possible to put a number on it?arrow_forwardAs a risk manager of an emerging property investment company, you have been asked to conduct a security risk profile. You have already identified a risk register with associated sensitivity. However, your manager would like to have a high-level view of the risk impact categories for the identified resources. Explain to your manager the most common impact categories that should be included in a security profile and the reasons why.arrow_forward
- Differentiate between quantitive risk assessment and qualitative risk assessmentarrow_forwardPlease list and quickly explain each of the five ways to control risk.arrow_forwardconduct a risk analysis of this environment using the version of PCI DSS that you downloaded in part of this lab. Document at least five control gaps that exist in the environment. you may make assumptions about information not provided in this scenario, if necessaryarrow_forward
- explain the five risk-control measures that you use?arrow_forward1. For each of the resources in the network diagram above, specify one possible risk. Also, use a ranking system of 1 to 5, where “5” is the most critical for the likelihood of occurrence and degree of impact. Based on any tool or formula you would like to implement, list and prioritize the risks to start with.arrow_forwardWhat are the five risk-control methods you employ?arrow_forward
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