Security Risk Assessment



Security Risk Assessment

Introduction

Security risk assessment also termed as risk assessment, and it is necessarily required for assuring the security of any organization. It is very important for an organization to make sure that the management and costs are completely appropriate according to the risks and challenges faced by the organization.

The term Risk Analysis refers to the process which is executed in order to make sure that the security controls required for a system are completely adequate with the expected risks. There are a number of conventional; methods for executing the process of security risk analysis. But these methods are gradually becoming more and more weak and unsustainable regarding their usage and flexibility as they are not capable of guarantee thorough and complete risk analysis (Morel, Benoit, Linkov, and Igor, 2006).

Discussion

Departments that responsible to manage and access electronic resources and information assets should conduct risk assessment as it is necessarily required. A risk assessment is referred to a process which is used to determine the requirement of protection and security by specific information resources, and to get aware with then possible risks from IT security failures that are the basis to cause loss of information integrity, availability and confidentiality. The main purpose of a risk assessment is to guide the management of the organization to design suitable policies and controls for the security of information assets (Morel, Benoit, Linkov, and Igor, 2006).

A Successful risk assessment needs a complete support and management of senior management and it must be performed by an efficient group of employees involving both information technology administrators and functional managers. As business operations, technologies change, or workflow periodic evaluation must be performed in order to analyze those alterations, to account for new vulnerabilities and threats designed by these alterations, as well as to determine the efficiency of accessible controls (Morel, Benoit, Linkov, and Igor, 2006).

IT risk management is the name given to the application based on risk management of Information technology context for controlling and managing IT risk, iThe risk in business linked with the ownership, use, involvement, operation, adoption and influence of IT within an enterprise (Ou, Xinming, and Anoop, 2012).

IT Risk Assessment Identifies the Vulnerabilities Challenging IT Infrastructure

IT risk management is supposed as an element of a wider enterprise risk management system. The development, maintenance and persistent enhancement and improvement of ISMS gives a powerful indication that a systematic approach is implemented by the organization for the management, assessment and identification of information security risks.There are a number of various methodologies that have been proposed in order to manage IT risk. All of them are divided specific steps and processes.Focusing on the Risk IT, it is observed that it is implemented to encompass not only the negative impact of the services and functions that can bring reduction and devastation of the value of the organization, but it is also implemented to provide benefit\value enabling risk linked to unavailable opportunities of using technology in order to enhance or enable the IT project management or ...