Problem
Each member of an organization is held accountable for managing risks. Therefore, it is essentials to establish the context for a risk framework and risk process. Prior to beginning this assignment, view "Risk Management and Assessment" within the "Video Playlist: Policy Management for Security Solutions," located in the Class Resources. Using your company from Topic 1, establish a risk management framework using industry standards for compliance. Part 1 Refer to the "CYB-535 Risk Management Framework Guide," and create a Risk Management Framework. Part 2 Refer to "An Overview of Threat and Risk Assessment," located in the topic Resources. In 500-750 words, discuss various risk assessment models, methodologies, and processes that can be used to perform a risk assessment of a particular system. Make sure to: Describe how risk relates to a system security policy. Describe various risk analysis methodologies. Considering your framework from Part 1, explain why it is important to evaluate and categorize risk a) with respect to technology; b) with respect to individuals, and c) in the enterprise. Compare the advantages and disadvantages of various risk assessment methodologies. Explain how one would select the optimal methodology based on needs, advantages and disadvantages.