Security Risk Management is the ongoing process of identifying these security risks and implementing plans to address them. Risk is determined by considering the likelihood that known threats will exploit vulnerabilities and the impact they have on valuable assets.
What is a risk in security?
In cybersecurity, risk is the potential for loss, damage or destruction of assets or data. Threat is a negative event, such as the exploit of a vulnerability. And a vulnerability is a weakness that exposes you to threats, and therefore increases the likelihood of a negative event.
What is risk assessment in security?
A Security Risk Assessment (or SRA) is an assessment that involves identifying the risks in your company, your technology and your processes to verify that controls are in place to safeguard against security threats.
What are the 4 ways to manage risk?
The basic methods for risk management—avoidance, retention, sharing, transferring, and loss prevention and reduction—can apply to all facets of an individual’s life and can pay off in the long run.
What is a risk assessment example of a risk?
How are the hazards identified?
|Example of Risk Assessment|
|Delivering product to customers||Drivers are often in very congested traffic||Increased chance of collision|
|Longer working hours|
|Drivers have to lift boxes when delivering product||Injury to back from lifting, reaching, carrying, etc.|