Introduction to Risk Assessment

Info

  • Level: Beginner
  • Presenter: Eli the Computer Guy
  • Date Created: October 12, 2010
  • Length of Class: 57 Minutes

Tracks

Prerequisites

  • None

Purpose of Class

  • This class teaches students the basic concepts behind Risk Assessments.

Topics Covered

  • Defining Risk, Threat and Vulnerability
  • Types of Protections
  • Mitigation Concepts
  • Business Rational for Risk Assessment and Management

Class Notes

  1. Introduction
    1. The better you know technology the better you will do with Risk Assessment/ Management.

Risk

  1. Risk = Treat x Vulnerability
  2. Overview of Risk
    1. Risk is defined as the likelihood of financial loss.
    2. Risk is a business concepts not a technological one.
    1. Down Time
    2. Fraud
    3. Legal data loss issues
    4. Hacking – Attacks from your network
    5. Data Theft (Trade Secrets)
  3. Overview of Threat
    1. i.      Natural Disatser
    2. ii.      Malicious Human
    3. iii.      Accidental Human
    4. iv.      System Failure
      1. Impersonation
      2. Interception
      3. Interference
  4. Overview of Vulnerability
    1. Flooding
    2. Theft of Systems
    3. Hacking
    4. Viruses
  5. Overview of ProtectionsTechnoloigical Safe Guards
    1. Physical/ Operational Security
    2. Disaster Plan
    3. Documentation
    4. Technological Safeguards (Firewalls, Antivirus)
  6. Concepts of Mitigation
    1. Incident -> Response -> Debrief ->Mitigation
    2. Making Bad not so bad
    3. You will never be safe
  7. Security Buy In and Quantifying Risk
    1. The business leaders will make the final decision on Risk Management
    2. The better your BUSINESS argument the more likely you are to get the go ahead.
    3. What is the cost of downtime
    4. What is the legal cost
    5. Cost of Security vs. Benefit
  8. Final Thoughts
    1. Risk is a BUSINESS concept! The more you understand about business and can talk about financial ramifications the more likely you are to get you fancy new security equipment.

Resources

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