...Workman Information Security Management RISK ASSESMENT Information systems have long been at some risk from malicious actions or inadvertent user errors and from natural and man-made disasters. In recent years, systems have become more susceptible to these threats because computers have become more interconnected and, thus, more interdependent and accessible to a larger number of individuals. In addition, the number of individuals with computer skills is increasing, and intrusion, or “hacking,” techniques are becoming more widely known via the Internet and other media. Arisk assessment is not about creating huge amounts of paperwork , but rather about identifying sensible measures to control the risks in your workplace. You are probably already taking steps to protect your employees, but your risk assessment will help you decide whether you have covered all you need to. Think about how accidents and ill health could happen and concentrate on real risks – those that are most likely and which will cause the most harm. For some risks, other regulations require particular control measures. Your assessment can help you identify where you need to look at certain risks and these particular control measures in more detail. These control measures do not have to be assessed separately but can be considered as part of, or an extension of, your overall risk assessment. Although all elements of the risk management cycle are important, risk assessments provide the foundation...
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...protection of the hardware that runs the information system. Therefore, a proper understanding of risk management and all that it entails is of the utmost importance for every IT professional, regardless of specialization. The purpose of this paper is to identify what risk management is and give an overview of the three phases or undertakings that make up the risk management process and then conclude with a discussion and explanation of the six-step Risk Management Framework (RMF) developed by the Department of Defense and the National Institute of Standards and Technology (NIST) (National Institute of Standards and Technology, 2010). “Risk management is the process of Identifying risks, as represented by vulnerabilities, to an organization’s information assets and infrastructure, and taking steps to reduce this risk to an acceptable level” (Michael E. Whitman, Herbert J. Mattord, 2012, p. 119.). Thus, risk management is merely the ability of a person or organization to implement due diligence and identify any potential issue and develop policies and security measures to combat these risks. Risk management is comprised of three phases: risk identification, risk assessment, and risk control (Michael E. Whitman, Herbert J. Mattord, 2012, p. 119.). Risk Identification Risk identification is simply the identification and documentation of the assets and the threats to those assets. Risk identification is an...
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...Name: Professor’s name: Course: Date: Introduction System security plan document describe all the possible system security control measures, their application status and how they are implemented. It can therefore facilitates the implementation of security processes by guiding the individual involved in this process. This document addresses the first version of system security plan (SSP) of automated banking system. The purpose of this report is to describe the controls that are in place or are in the plan, the expected behavior and the responsibilities of the individuals who uses or access the system. The document structures the planning process of implementing the security control procedures to provide adequate security and cost-effective security protection for the system. Management, operational and technical controls have been identified and discussed in details. The different family of system security controls are defined and discussed comprehensively how their implementation status and how they are implemented. DOCUMENT CHANGE CONTROL Version | Release Date | Summary of Changes | Addendum Number | Name | Version 1 | 22/4/2015 | | 1 | System security plan 1 | SYSTEM IDENTIFICATION Automated banking system is a company application system that has been categorized as a primary system according to FIPS 199...
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...Introduction: Information security continuous monitoring (ISCM) is defined as maintaining ongoing awareness of information security, vulnerabilities, and threats to support organizational risk management decisions. This publication specifically addresses assessment and analysis of security control effectiveness and of organizational security status in accordance with organizational risk tolerance. Security control effectiveness is measured by correctness of implementation and by how adequately the implemented controls meet organizational needs in accordance with current risk tolerance. Organizational security status is determined using metrics established by the organization to best convey the security posture of an organization’s information and information systems, along with organizational resilience given known threat information. This necessitates: • Maintaining situation awareness of all systems across the organization; • Maintaining an understanding of threats and threat activities; • Assessing all security controls; • Collecting, correlating, and analyzing security-related information; • Providing actionable communication of security status across all tiers of the organization; and • Active management of risk by organizational officials. Purpose: The purpose of this guideline is to assist organizations in the development of an ISCM strategy and the implementation of an ISCM program that provides awareness of threats and vulnerabilities, visibility...
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...| Policy | Does a policy that addresses the need for risk management exist? | Not provided | There were no policies provided for the organization. | Is the acceptable risk posture for the organization included in the policy? | Not provided | There were no policies provided for the organization. | Does the policy include details about a risk assessment? | Not provided | There were no policies provided for the organization. | Is there a section in the policy that includes multi-perspectives on risk including the following: • Threat • Asset • Vulnerability space • Business impact assessment | Not provided | There were no policies provided for the organization. | Is there a section in the policy that includes reporting results of risk assessments? | Not provided | There were no policies provided for the organization. | Is there a section in the policy that includes a remediation analysis report based on risk assessments (i.e., how to reduce risk or increase security posture)? | Not provided | There were no policies provided for the organization. | Procedures | Is there a procedure in existence that describes how to implement and enforce risk management policies? | Not provided | There were no policies provided for the organization. | Does the procedure include a breadth of scope? Does the breadth of scope include the following:• Threat • Asset • Vulnerability space • Business impact assessment | Not provided | There were no policies provided for the...
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...CMGT 442 ENTIRE COURSE Information Systems Risk Management Week 2 Individual Assignment Service Request SR-HT-001 (Huffman Trucking Benefits Election System) Prepare a 3- to 5-page paper describing the considerations necessary to address the possible security requirements and the possible risks associated with the Benefits Elections Systems being requested by the Service Request, SR-HT-001 for Huffman Trucking Company. Week 3 Individual Assignment Security Monitoring Prepare a 3- to 5-page paper describing the security monitoring activities that should be conducted in an organization with both internal IT (payroll, human resources, inventory, general ledger, and so on) and e-commerce (Internet sales and marketing) applications. The paper will include the rationale supporting each monitoring activity you propose and any recommended course of action to be taken when a significant risk is identified. Week 4 Individual Assignment Outsourcing Risks Prepare a 3- to 5-page paper that identifies the possible risks to an organization in each of the following outsourcing situations: a) the use of an external service provider for your data storage; b) the use of an enterprise service provider for processing information systems applications such as a payroll, human resources, or sales order taking; c) the use of a vendor to support your desktop computers; and d) the use of a vendor to provide network support. The paper will include a risk mitigation strategy for each situation. One...
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...State of Maryland – Risk Assessment Findings & Recommendations In the course of this Risk Assessment, we reviewed the statements that were made by Aviel. D. Rubin, professor at Johns Hopkins University, in his report dated July 23, 2013. In general, SAIC made many of the same observations, when considering only the source code. While many of the statements made by Mr. Rubin were technically correct. Mr. Rubin did not have a complete understanding of the State of Maryland’s implementation of the AccuVote-TS voting system, and the election process controls or environment. The State of Maryland procedural controls and general voting environment reduce or eliminate many of the vulnerabilities identified in the Rubin report. However, these controls, while sufficient to help mitigate the weaknesses identified in the July 23 report, do not, in many cases meet the standard of best practice or the State of Maryland Security Policy. This Risk Assessment has identified several high-risk vulnerabilities in the implementation of the managerial, operational, and technical controls for AccuVote-TS voting system. If these vulnerabilities are exploited, significant impact could occur on the accuracy, integrity, and availability of election results. In addition, successful exploitation of these vulnerabilities could also damage the reputation and interests of the SBE and the LBEs. This Risk Assessment also identified numerous vulnerabilities with a risk rating of medium...
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... Rivers October 19, 2013 Project 1 Part 1: Risk Mgmt. Plan 1. Introduction Risk Mgmt. Plan Well for starters the purpose of this risk management for DLIS (Defense Logistics Information Service) plan will be similar to the purpose of any organization would be and that would be how to better protect and secure the company’s IT environment. The importance of this is major since there is all kind of important data that is on and transmitted throughout our networks on a daily basis. DLIS we must ensure that we implement all necessary preventative security measures as well as policies and procedures. We must do this by first of all ensuring that we have really good antivirus software installed on all of our systems and ensuring that it is always up to date. The next thing is extensively configuring our firewalls making it more difficult for our networks to be hacked. Another thing is data encryption which is very vital in securing all important data for our company and clients especially when we are performing data transmission over the networks. The last thing I want to mention which will be part of policies and procedure is implementing various password and logon policies and procedures for security purposes as well. As I stated the purpose of the development of this plan is to reduce the risk of threats and vulnerabilities on our networks. This is vital because threats and vulnerabilities definitely present risk(s) to any important company and client data. We...
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...Risk assessment is a structured and methodical process, which is reliant on the correct identification of hazards and a suitable assessment of risks ascending from them, with a sight to making inter-risk comparisons for purposes of their control and prevention. Information technology, as a technology with the fastest rate of development and application in all branches of business, requires adequate protection to provide high security. The focus of the safety analysis applied on an information system is to recognize and evaluate threats, vulnerabilities and safety characteristics. IT assets are uncovered to risk of harm or losses. IT security includes protecting information stored electronically. That protection implies data integrity, availability and confidentiality. According to“Risk Assessment of Information Technology Systems” (2009) risk assessment is the most critical part of Information Security Management (ISM). Risk Management and Risk Assessment involves analysis, planning, implementation, control and monitoring of implemented measurements, and Risk Assessment, as part of Risk Management. It involves several processes: · Risk identification, · Relevant risk analysis, · Risk evaluation The main purpose of Risk Assessment is to make a choice whether a system is acceptable, and which measures would provide its acceptability. For every organization using IT in its business process it is important to conduct the risk assessment. Numerous threats and vulnerabilities...
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...Declaration This report entitled the overview of understand the risk management functions in business, understand how business risk is assessed and managed, understand the effects of business risks and how they can be managed and understand approaches to crisis management and business continuity planning. The aim of this assignment is to raise business risk awareness and develop skills to assess, monitor and control business risks and to develop an appreciation of the implications of business risks I certify that the work submitted for this assignment is my own and research sources are fully acknowledged. Name: Date: Table of content Content | Page | Declaration | 1 | LO1: Understand the risk management function in business | 3 | P1.1 Examine the role of the risk management function in business | 3 | P1.2 Assess the role of business function sin the management of risk | 4 | LO2: Understand how business risk is assessed and managed | 5 | P2.1: Analyse the risk assessment process | 5 | P2.2 Evaluate approaches to managing risk | 7 | P2.3 Examine the risk management process | 8 | LO3: Understand the effects of business risks and how they can be managed | 9 | P3.1 Analyse the main drivers of business risk | 9 | P3.2 Appraise the impact of different types of risk for a business organisation | 10 | P3.3 Assess which business areas are high risk | 11 | P3.4 Analyse risk management strategies | 12 | LO4: Understand approaches to crisis...
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...Assessment Phase1: The System Description In this step we will be looking at the whole Btech Lab system as described above analysing the current boundaries of the system, and also looking at the elements that define the system along with the resources that are in the Btech lab. Phase 2: The Identification of Threat This step looks at the current threats that are a risk to the security of the Btech Lab and ways to limit the risk of occurrence. One threat that is identified is the unauthorized users that utilize the Lab, the current security access used is a finger print system (Biometrics system) but students bring their friend and open for them which the increases the risk of theft and damage of equipment. Phase 3: The Vulnerability...
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...CEO requested me to prepare a report pointing out potential security vulnerabilities at the AEN company. For that I started with risk assessment exercise which will identify the relations between company assets, threats and vulnerabilities that may lead to the loss of confidentiality, integrity, availability, authenticity, or accountability. The output of the risk assessment will determine the actions for managing security risks and for implementing the appropriate controls needed to protect the company assets. The risk assessment process consists of the following tasks: • “Identify business needs and changes to requirements that may affect overall IT and security direction. • Review adequacy of existing security policies, standards, guidelines and procedures. • Analyze assets, threats and vulnerabilities, including their impacts and likelihood (See sheet # 1) • Assess physical protection applied to computing equipment and other network components. • Conduct technical and procedural review and analysis of the network architecture, protocols and components to ensure that they are implemented according to the security policies. • Review and check the configuration, implementation and usage of remote access systems, servers, firewalls and external network connections, including the client Internet connection. • Review logical access and other authentication mechanisms. • Review current level of security awareness and commitment of staff within the organization. ...
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...RISK MANAGEMENT PLAN PURPOSE AND SCOPE The purpose of the Risk Management Plan is to establish an approach to monitoring, evaluating, and managing risks throughout the life of the project. A risk is an uncertain event or condition that has a negative or positive effect on the project’s objectives. The risk management plan will identify potential risk, assess individual risk and its impact on performance, cost, and schedule of the overall project and develop an action plan that handles individual risk. RISK PLAN OBJECTIVES The scope of this risk assessment assessed the system’s use of resources and controls (implemented or planned) to eliminate and/or manage vulnerabilities exploitable by threats internal and external to the Project. If exploited, these vulnerabilities could result in: • Unauthorized disclosure of data • Unauthorized modification to the system, its data, or both • Denial of service, access to data, or both to authorized users This Risk Assessment Report evaluates the confidentiality (protection from unauthorized disclosure of system and data information), integrity (protection from improper modification of information), and availability (loss of system access) of the system. Recommended security safeguards will allow management to make decisions about security-related initiatives. PROJECT RISKS This risk assessment methodology and approach was conducted using the guidelines in NIST SP 800-30, Risk Management Guide for Information Technology Systems...
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... Business Impact Analysis and Risk Assessment for Information Resources General Information & Process Description Introduction The IT Security and Policies area within Information Technology Services is responsible for establishing policies to ensure that Iowa State University has a secure information technology environment. This document defines a process for departments to perform a business impact analysis and risk assessment for their information resources. Once an assessment has been done, the resulting documents should be maintained and regularly reviewed by the department. By using the business impact analysis and risk assessment tool defined in this document, departments have the capability to identify and respond to risks for their systems and information resources. Departments are encouraged to contact the Information Technology Security and Policies area at 4-2588 if they have specific questions or if they would like to arrange a meeting to discuss the process on an individual basis. Business Impact Analysis and Risk Assessment Guaranteed absolute security in today’s information technology environments is not realistic. However, it is important to have a process of identifying resources and associated risks, determining their magnitude, and identifying what safeguards are needed. That process is what we are referring to as business impact analysis and risk assessment. It is the department’s responsibility...
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...It is the policy of Fay Servicing, LLC (“Fay”) to define the risk management requirements to protect the confidentiality, integrity and availability of its Information Resources. To accomplish this task, a formal Information Security Risk Management Program has been established as a component of the Organization's overall risk management policy and is an integral part of Fay’s Information Security Program to ensure that Fay is operating with an acceptable level of risk. The Information Security Risk Management Program is described in this Policy. 2. Overview Risk Management is the continuous process which allows Fay’s business owners to balance the operational and economic costs of protective measures while achieving gains in mission capability,...
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