There are some basic threats that are going to be in every risk assessment, however depending on the system, additional threats could be included.
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Common threat types include:. This step is done without considering your control environment. Factoring in how you characterized the system, you determine the impact to your organization if the threat was exercised. Examples of impact ratings are:. You typically need to look at several categories of information to adequately assess your control environment. Ultimately, you want to identify threat prevention, mitigation, detection, or compensating controls and their relationship to identified threats. A few examples include:. Now, you need to determine the likelihood of the given exploit taking into account the control environment that your organization has in place.
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Examples of likelihood ratings are:. Even though there is a ton of information and work that goes into determining your risk rating, it all comes down to a simple equation:. Regular risk assessments are a fundamental part any risk management process because they help you arrive at an acceptable level of risk while drawing attention to any required control measures. The risk assessment process is continual, and should be reviewed regularly to ensure your findings are still relevant. Sage's Risk Management Framework Development engagement is designed to protect your entire organization and its ability to carry out its mission.
We work collaboratively with you to develop an operational framework that is optimized for the size, scope, and complexity of your company.
The outcome will help you realistically and cost-effectively protect information assets while maintaining a balance of productivity and operational effectiveness. Topics: Risk Management. Regardless of your level of cybersecurity knowledge or the resources you have, Sage can support your entire cybersecurity lifecycle. We will help you build and sustain a cybersecurity strategy that allows you to efficiently and cost-effectively protect your information assets.
A more realistic destination is cyber resiliency — the ability to prepare for and adapt to changing conditions, so you can withstand and recover rapidly from disruptions. Achieving cyber resilience depends on what we like to call the cybersecurity lifecycle — an ongoing cycle of interconnected elements that compliment and reinforce one another. Sage Advice - Cybersecurity Blog. Reputational risk is related to negative public opinion.
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You have to consider that some risk toleration is implied. Also, the field of Information Technology changes so rapidly, it's nearly impossible to really foresee what new risks and threats will emerge. Think of the two hottest technologies being deployed today and you can see why it's so important to consider your assets and the threats that can hurt them in an ever-changing world of Information Technology.
Wireless and VPN solutions are emerging faster than you can believe, and they are both very dangerous to your network by nature if not analyzed and secured properly. If the deployment cycle is too fast and you are rolling out these two technologies to stay ahead of competition, it's safe to assume that you are taking risks.
If you are not budgeting for this, then you are hurting the staff, which in turn increases your risk. In this somewhat lengthy article we looked at some very important topics, but the main gist of the article is to really bridge the 'threat to asset' connection in simple terms for beginning security analysts and management teams that may not know much about information technology security advantages. This article looks to make you aware of what exactly could be viewed as an asset and what threats are associated with them, or if not considering them, what could potentially occur as a result.
The rest of this article sums up Risk, and what you and your management teams can do to attempt to eliminate or lessen risk, what you risk when you don't consider threats against your assets. I hope you found this article informative and helpful in all those areas.
Please tell me about it in 'General Discussion' section of the security forum on this site You can visit my personal site link for more information on Security Policies, Incident response, a full list of potential threats, how to calculate losses and risk assessments.
There are many articles you can use to help understand this article in great depth. I am also available in the security forums in the General Discussion forum.
Your email address will not be published. Learn about the latest security threats, system optimization tricks, and the hottest new technologies in the industry. Over 1,, fellow IT Pros are already on-board, don't be left out! TechGenix reaches millions of IT Professionals every month, and has set the standard for providing free technical content through its growing family of websites, empowering them with the answers and tools that are needed to set up, configure, maintain and enhance their networks. Robert J. Shimonski Posted On August 10, Post Views: 4, Featured Links. Featured Product.
Even on a secure network, vulnerabilities may be lurking on your website. But before you can fix these website vulnerabilities, you have to find them.