IT Examiner School - Oct 2023

Risk Assessment Process

Identify and value Information assets

Identify potential internal/external threats and/or vulnerabilities

Assess likelihood & impact of threats/vulnerabilities

Risk Response (Accept, Transfer, Reduce, Ignore)

Assess sufficiency of risk control policies, procedures, information systems, etc.

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Security Definitions Risk Assessment

Threat

Vulnerability

Risk

Deficiency that provides opportunity for threat

Likelihood threat taking advantage of vulnerability

Danger to security

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