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• IT_risk_management abstract "IT risk management is the strategic process of administering the assessed risk. While risk assessment focuses on identifying, quantifying, and prioritizing risks, the goal of risk management is to manage the risks across the agency. Risk management is an ongoing process and consists of multiple phases. Senior management presence and direction are strongly recommended during the risk management phase. Table 1 illustrates the major differences between risk management and risk assessment.Once risks have been identified, they can be accepted, avoided, mitigated, or simply transferred. Risk acceptance warrants accepting the potential loss from the risk; on the other hand, risk avoidance signifies eliminating the risk by not performing the activity that could carry a risk. An example would be not buying a program that handles electronic transactions on an unsecured port, such as port 80. Mitigating the risk would involve reducing the likelihood of the loss from occurring by using a secure port. Risk can be mitigated by technical and non-technical approaches. Awareness training, for example, is considered a non-technical approach. Agencies may install firewalls (as a technical approach) at their gateway to limit unauthorized users from accessing their networks. Another example would be enabling Transmission Layer Security (TLS) on transactions, in order to make the transaction go over a secure port, such as port 443. Transferring risk, on the other hand, signifies sharing with another party the adversity of loss or the privilege of gain, from a risk. For example, buying car insurance signifies risk transfer. Figure 1 illustrates the four options of handling the assessed risks.IT risk management is the application of risk management methods to Information technology in order to manage IT risk, i.e.:The business risk associated with the use, ownership, operation, involvement, influence and adoption of IT within an enterprise or organizationIT risk management can be considered a component of a wider enterprise risk management system.The establishment, maintenance and continuous update of an ISMS provide a strong indication that a company is using a systematic approach for the identification, assessment and management of information security risks.Different methodologies have been proposed to manage IT risks, each of them divided in processes and steps.According to Risk IT, it encompasses not just only the negative impact of operations and service delivery which can bring destruction or reduction of the value of the organization, but also the benefit\\value enabling risk associated to missing opportunities to use technology to enable or enhance business or the IT project management for aspects like overspending or late delivery with adverse business impact.Because risk is strictly tied to uncertainty, Decision theory should be applied to manage risk as a science, i.e. rationally making choices under uncertainty.Generally speaking, risk is the product of likelihood times impact (Risk = Likelihood * Impact).The measure of an IT risk can be determined as a product of threat, vulnerability and asset values:Risk = Threat * Vulnerability * AssetA more current Risk management framework for IT Risk would be the TIK framework:Risk = ((Vulnerability * Threat) / Counter Measure) * Asset Value at Risk IT Risk".
• IT_risk_management thumbnail Risk_Management_Elements.jpg?width=300.
• IT_risk_management wikiPageExternalLink FIPS-200-final-march.pdf.
• IT_risk_management wikiPageExternalLink sp800-30.pdf.
• IT_risk_management wikiPageExternalLink SP-800-39.
• IT_risk_management wikiPageExternalLink FIPS-PUB-199-final.pdf.
• IT_risk_management wikiPageExternalLink sp800-37-rev1-final.pdf.
• IT_risk_management wikiPageExternalLink index.php?title=Main_Page.
• IT_risk_management wikiPageExternalLink itriskinstitute.com.
• IT_risk_management wikiPageExternalLink threat_white_paper.pdf.
• IT_risk_management wikiPageExternalLink fullReport.
• IT_risk_management wikiPageExternalLink 254-data-security-threat-assessment.html.
• IT_risk_management wikiPageExternalLink Home.
• IT_risk_management wikiPageExternalLink www.clusif.asso.fr.
• IT_risk_management wikiPageID "30047898".
• IT_risk_management wikiPageLength "54988".
• IT_risk_management wikiPageOutDegree "244".
• IT_risk_management wikiPageRevisionID "705224847".
• IT_risk_management wikiPageWikiLink Access_control.
• IT_risk_management wikiPageWikiLink Annualized_loss_expectancy.
• IT_risk_management wikiPageWikiLink Asset_(computer_security).
• IT_risk_management wikiPageWikiLink Asset_management.
• IT_risk_management wikiPageWikiLink Attack_(computing).
• IT_risk_management wikiPageWikiLink Availability.
• IT_risk_management wikiPageWikiLink Benchmarking.
• IT_risk_management wikiPageWikiLink Best_practice.
• IT_risk_management wikiPageWikiLink Business_continuity.
• IT_risk_management wikiPageWikiLink Business_continuity_planning.
• IT_risk_management wikiPageWikiLink Business_process.
• IT_risk_management wikiPageWikiLink COBIT.
• IT_risk_management wikiPageWikiLink CRAMM.
• IT_risk_management wikiPageWikiLink CVSS.
• IT_risk_management wikiPageWikiLink Category:Computer_security.
• IT_risk_management wikiPageWikiLink Category:Data_security.
• IT_risk_management wikiPageWikiLink Category:IT_risk_management.
• IT_risk_management wikiPageWikiLink Category:Information_technology_management.
• IT_risk_management wikiPageWikiLink Category:Risk_analysis.
• IT_risk_management wikiPageWikiLink Category:Risk_analysis_methodologies.
• IT_risk_management wikiPageWikiLink Category:Security.
• IT_risk_management wikiPageWikiLink Category:Security_compliance.
• IT_risk_management wikiPageWikiLink Certified_Information_Systems_Auditor.
• IT_risk_management wikiPageWikiLink Chief_information_officer.
• IT_risk_management wikiPageWikiLink Chief_information_security_officer.
• IT_risk_management wikiPageWikiLink Committee_of_Sponsoring_Organizations_of_the_Treadway_Commission.
• IT_risk_management wikiPageWikiLink Common_Criteria.
• IT_risk_management wikiPageWikiLink Common_Vulnerabilities_and_Exposures.
• IT_risk_management wikiPageWikiLink Communication.
• IT_risk_management wikiPageWikiLink Computer_security.
• IT_risk_management wikiPageWikiLink Confidentiality.
• IT_risk_management wikiPageWikiLink Countermeasure_(computer).
• IT_risk_management wikiPageWikiLink Data_in_transit.
• IT_risk_management wikiPageWikiLink Decision_theory.
• IT_risk_management wikiPageWikiLink EBIOS.
• IT_risk_management wikiPageWikiLink Enterprise_risk_management.
• IT_risk_management wikiPageWikiLink Environmental_security.
• IT_risk_management wikiPageWikiLink European_Union_Agency_for_Network_and_Information_Security.
• IT_risk_management wikiPageWikiLink Evaluation.
• IT_risk_management wikiPageWikiLink Exploit_(computer_security).
• IT_risk_management wikiPageWikiLink Factor_analysis_of_information_risk.
• IT_risk_management wikiPageWikiLink Federal_Information_Security_Management_Act_of_2002.
• IT_risk_management wikiPageWikiLink Full_disclosure_(computer_security).
• IT_risk_management wikiPageWikiLink Gramm–Leach–Bliley_Act.
• IT_risk_management wikiPageWikiLink Health_Insurance_Portability_and_Accountability_Act.
• IT_risk_management wikiPageWikiLink Human_resources.
• IT_risk_management wikiPageWikiLink ISACA.
• IT_risk_management wikiPageWikiLink IEC_13335.
• IT_risk_management wikiPageWikiLink IEC_21287.
• IT_risk_management wikiPageWikiLink IEC_27000-series.
• IT_risk_management wikiPageWikiLink IEC_27001:2013.
• IT_risk_management wikiPageWikiLink IEC_27002.
• IT_risk_management wikiPageWikiLink ISSO_(IT).
• IT_risk_management wikiPageWikiLink IT_Baseline_Protection_Catalogs.
• IT_risk_management wikiPageWikiLink IT_risk.
• IT_risk_management wikiPageWikiLink Impact_(security).
• IT_risk_management wikiPageWikiLink Incident_management.
• IT_risk_management wikiPageWikiLink Information_Security_Forum.
• IT_risk_management wikiPageWikiLink Information_security.
• IT_risk_management wikiPageWikiLink Information_security_management.
• IT_risk_management wikiPageWikiLink Information_security_management_system.
• IT_risk_management wikiPageWikiLink Information_technology.
• IT_risk_management wikiPageWikiLink Information_technology_security_audit.
• IT_risk_management wikiPageWikiLink Insurance.
• IT_risk_management wikiPageWikiLink Intangible_asset.
• IT_risk_management wikiPageWikiLink Integrity.
• IT_risk_management wikiPageWikiLink International_Organization_for_Standardization.
• IT_risk_management wikiPageWikiLink Laptop_theft.
• IT_risk_management wikiPageWikiLink Mehari.
• IT_risk_management wikiPageWikiLink Methodology.
• IT_risk_management wikiPageWikiLink National_Information_Assurance_Training_and_Education_Center.
• IT_risk_management wikiPageWikiLink National_Institute_of_Standards_and_Technology.
• IT_risk_management wikiPageWikiLink National_security.
• IT_risk_management wikiPageWikiLink OWASP.
• IT_risk_management wikiPageWikiLink Organization.
• IT_risk_management wikiPageWikiLink Patch_(computing).
• IT_risk_management wikiPageWikiLink Penetration_test.
• IT_risk_management wikiPageWikiLink Physical_security.
• IT_risk_management wikiPageWikiLink Privacy.
• IT_risk_management wikiPageWikiLink Professional_association.
• IT_risk_management wikiPageWikiLink Qualitative_research.
• IT_risk_management wikiPageWikiLink Quantitative_research.

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