Explain the basic concepts of and need for risk management


Assignment

Provide a reflection of at least 700 words (pages double spaced) of how the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment.

Information Security and Risk Management

Description :

This course addresses the broad topic of risk management and how risk, threats, and vulnerabilities impact information systems. Areas of instruction include how to assess and manage risk based on defining an acceptable level of risk for information systems. Elements of a business impact analysis, business continuity plan, and disaster recovery plan will also be discussed.

Course Objectives/Learner Outcomes:

Upon completion of this course, the student will:

· Explain the basic concepts of and need for risk management.

· Explain methods of mitigating risk by managing threats vulnerabilities, and exploits.

· Identify compliancy laws, standards, best practices, and policies of risk management.

· Describe the components of an effective organizational risk management program.

· Describe techniques for identifying and analyzing relevant threats, vulnerabilities, and exploits.

· Describe the process of performing risk assessments.

· Identify assets and activities to protect within an organization.

· Identify threats, vulnerabilities, and exploits.

· Identify risk mitigation security controls.

· Describe concepts for planning risk mitigation throughout an organization.

· Describe concepts for implementing a risk mitigation plan.

· Perform a business impact analysis.

· Create a business continuity plan (BCP) based on the findings of a given risk assessment for an organization.

· Create a disaster recovery plan (DRP) based on the findings of a given risk assessment for an organization.

· Create a computer incident response team (CIRT) plan for an organization.

Main Instructional Areas:

· Risk management basics

· Risk assessment plan

· Risk mitigation plan

· Cost-benefit analysis

· Business continuity plan

· Disaster recovery plan.

Format your assignment according to the following formatting requirements:

1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

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Risk Management: Explain the basic concepts of and need for risk management
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