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Business impact analysis evaluation
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Create or find definitions for Business Impact Assessment, Vulnerability Assessment, Penetration Test, and Risk Assessment.. The goal of a Business Impact Assessment is to look at each asset that has a risk of being compromised and identify all of the impacts the loss of the asset would or could have on the business’s operations. This can be used to identify whether the level of risk that an asset has is within an acceptable level and properly protect the assets that are important to the business need. The goal of durability assessment is to identify all of the possible threats that are valuable of being exploited. This identifies all of assets vulnerabilities that could be exploited. The vulnerability assessment results can be crucial in …show more content…
This scan then returns a list of threats to a system such as unapplied updates, unneeded services or plugins, and other items that could be exploited to gain access to or disrupt a system operation. A penetration test is not a vulnerability assessment, but the information gathered can be important for vulnerability assessment process. A risk assessment is the process of assessing the level of risk an asset or a business has based on the number of variabilities and business impact that would be occurred if these vulnerabilities are exploited. This intern allows the business to mitigate these vulnerabilities so they can manage the level of risk to their business. What are the differences and similarities between them? There are many similarities and differences between Business Impact Assessment, Vulnerability Assessment, Penetration Test, and Risk Assessment. This is because they are all used as part of the overall risk management process and many produce information that is critical for other assessment. For example the information from a Business Impact Assessment and Vulnerability Assessment can provide information that is crucial for the successful completion of a risk assessment. This goes the same with a penetration test which provides important information for a vulnerability …show more content…
You would use a penetration test in most cases if you were trying to perform system hardening. This allows you to identify potential threats. A vulnerability assessment on the other had would be performed to identify which of the potential threats that a system has are vulnerable to being exploited. A business impact assessment is used to then look at each of the systems that are vulnerable and identify there criticality to the business operations and the possible impact that would result if the asset was unusable or compromised. A risk assessment, on the other hand, is used to look at all of this information and then place a level of risk on an asset. The organization that cans then decide if the level of risk is acceptable for the asset and if not they can take steps to lover this risk
The goal of penetration test is to find the security flaws in the system by intentionally attacking the system. It is goes deeper by stealing the data to find the vulnerabilities. Security audit is the evaluation of security of a company with certain baseline. The goal of security audit is to ensure all security techniques are working well in the
"The next step is to determine the impact that the threat could have on the organization. It is important for auditors to understand that not all threats will have the same impact. This is because each system in the organization most likely will have a different value (i.e., not all systems in the organization are worth the same or regarded in the same way). For instance, to evaluate the value of a system, auditors should identify the processes performed by the system, the system's importance to the company, and the value or sensitivity of the data in the system" (Edmead). To understand the important of a risk helps point out the businesses weaknesses. It is important that the degree of impact caused by different risks are determined. The
Real-world events is probably the more significant of the group; using a risk management program allows decision makers access to critical information related to potential outcomes of an event/incident. The decision makers use the information to exam the most appropriate and lower risk approach to an event/incident. The NIPP risk management program used the risk management for three specific threats, physical, cyber, and human to protect CIKRs (U.S. DHS 2009, p.33). When risk management is implemented correctly and all areas assessed thoroughly, it can produce the best course of action to protect homeland security infrastructure over a larger area through the cooperation of and between the different NIPP established sectors. Exercise planning and risk management work well together exercises also provide feedback for risk management for real-word events. Exercising the possibilities of an incident/event provide a realistic basis for establishing certain understanding of an incident without the high risk associated with a real-world
Vulnerability scanning is an automated process that is conducted by an organization’s IT staff to identify any vulnerability that their information systems might possess and used to help “secure your own network” (Bradley). It is also used by hackers that are conducting reconnaissance on an organizations network to find any vulnerability that they might exploit. These next few pages will provide information on vulnerabilities, the many different forms of vulnerability scanning, the different types, pro’s and con’s, and costs.
...ial approaches which are Normal Accident and HROs, although it seems certain that both of them tends to limit the progression that can contribute toward achieving to highly protective systems. This is because the scope of the problems is too narrow and the potential of the solutions is too limited as well. Hence, Laporte and Consolini et.al., (1991) as cited in Marais, et.al., (2004) conclude that the most interesting feature of the high reliability organization is to prioritize both performance and security by the managerial oversight. In addition, the goal agreement must be an official announcement. In essence, it is recommended that there is a continuing need in the high risk organizations for more awareness of developing security system and high reliability environment in order to gain highly successful method to lower risk in an advance technology system.
Risk assessment identifies an organizations potential risks and potential threats and by analyzing these threats countermeasures are prepared to respond and eliminate the hazard. In the article by Blanke & McGrady, (2016) the researcher is identifying a checklist of several known risks that most of us are comfortable with until the risks disrupt our services. Risks include any online device such as a portable laptops, tablets, printers, and smart devices, insiders, and physical breaches. In this case healthcare information is proprietary information that must be protected from cyber-attacks and require a robust cyber security risk management framework. The checklist identifies three known vulnerabilities and threats from known healthcare breaches. Risk assessment is analyzing the risk to develop security controls based on the type of risk the organization may encounter i.e. Malware, Ransomware, Spyware and Denial of Service techniques which are some of the most common types of cyber security attacks. Risk Assessment will ensure that all vulnerabilities and threats are assessed when conducting my research.
Penetration testing - using tools and processes to scan the network environment for vulnerabilities, [03& T, J.K et al. 2002] there are many different types of vulnerability assessments. Penetration Testing focuses on understanding the vulnerabilities of components that you’ve made available on the network as seen from the perspective of a skilful and determined attacker who has access to that network. It will provide a thorough overview of the ...
This will lower the risk of working on a topic which will meet a dead end. Risk assessment is very important to ensure the authenticity of the research and its real impact on future prospect. If risk assessment is ignored, there is a high possibility that the research results will bring no outcome at all when analyzed properly.
These risks will have material effect on the organisation 's ability to sustain its business and operational goals and objectives.
Design phase: The team will undertake a threat modeling exercise to analyze and document the applications attack
Some common risk identification methods are: Objectives -based risk identification, Scenario-based risk identifying, Taxonomy-based risk identification, and Risk charting.
The penetration testing should be done to exploit the flaws and weakness of the security system throughout the environment, penetration must be done at the network level as well as the application level from both outside and inside the network. There are several advantages of doing penetration testing by a company or organization. Several of those advantages are stated below.
Risk management is a process used in all industries to reduce the risk. The Risk management tool usage changes from sector to sector and hence each sector has developed their own risk management tools and methodologies to mitigate the risk. But the concept remains the same behind all the tools (Ropel, 2011). The main steps for risk management irrespective of the sector are:
The purpose of risk management is to protect an organization’s valuable assets information, hardware, and software. The purpose of risk management process is to identify and manage risks in such a way that a company is able to meet its strategic and financial targets. Risk management is a continuous process, by which the major risks are identified, listed and assessed, the key persons in charge of risk management are appointed and risks are prioritized according to an assessment scale in order to compare the effects and mutual significance of risks. It is very important that the organizations and business to be very well prepared to see what kind of risk we are facing, or the business can suffer in case of a major disaster.
Risk Management allows us to identify the problems which are unknown during the start of the project but may occurs later. Implementing an efficient risk management plan will ensure the better outcome of the project in terms of cost and time.