Management Of Information Security
Management Of Information Security
6th Edition
ISBN: 9781337405713
Author: WHITMAN, Michael.
Publisher: Cengage Learning,
Question
Chapter 6, Problem 5RQ
Program Plan Intro

Risk Management:

  • Risk management refers to the mitigation of risk.
  • It is defined as a process of discovering, analyzing, and assessing the risks to an organization’s operations.
  • It also determines how these risks can be controlled and mitigated.
  • The various sources of risk include uncertainty in financial markets, legal liabilities, threats from project failures, credit risk, etc.
  • Several risk management standards was developed such as Project Management Institute, the National Institute of Standards and Technology, and ISO standards.

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