Practical Connection Assignment

Practical Connection

Practical Connection

Rahul Rahul

Summer 2022 - Info Security & Risk Mgmt (ISOL-533-A01) - First Bi-Term

Dr Derek Holbert

University of the Cumberlands

06/23/2022

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Practical Connection

ISRM was defined as informative security risk management. This process was majorly

used in many organisations for identifying risks and managing vulnerabilities. This is very

efficient in managing the risks because it’s were associated with information technology. ISRM

was majorly involved in identifying the risks and vulnerabilities in the organisations and also

involves in evaluating, integrity and maintaining the risk confidentiality among the threats.

Learning this course will help in identifying the risk and threads in the organisation (Gulick, et,

al, 2008). From this, we can learn about different stages and treatment methods used in

organizations for controlling the risk in organisations.

At our workplace implementing the informative security risk management helps in

exploring the risk and accomplishing the risk by using the strategies in ISRM. This process can

be implemented by introducing the different stages in the organisation, at my workplace we use

different stages of identification such as identifying control, identifying assets, identifying

vulnerabilities and identifying threats.

Identify control

This stage helps in removing the unwanted access which was found in the organizations.

Control points out the risk with their address and also identifies the vulnerabilities. For example,

if the terminated user seeks access to the specified application then control is involved and

removes all the unwanted access automatically. This can identify the indirect risk with their

addresses.

Identify threats

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Practical Connection

This stage helps in identifying the identify the threats and trying to know about the context of the

threat. This stage is very significant which helps in identifying the various activities such as

crime syndicates, and hacktivist groups.

Identify vulnerabilities

This stage helps in identifying the software vulnerabilities which are establishing privacy,

and integrity. This majorly helps in seeking the risk which was at risk and also identifies the

weakness or shortages in the organizations’ techniques.

ISRM process consists of different treatments which are required for analysing the risk

which was identified. Different types of treatments were remediation, mitigations, risk

acceptance, risk avoidance, and transference.

Remediation

This was of the treatments of informative security and risk management. This treatment

helps in controlling the nearly fully fixes the primary risk which was identified (Katsicas &

Sokratis, 2009). In this process primarily we have to identify the vulnerability and then apply

these patches to the vulnerability.

Mitigations

This type of treatment helps in reducing the impact of the risk but it does not fix the risk

completely. By identifying the risk and then creating a firewall rule, this wall enables only

specified system communications.

Risk acceptance

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Practical Connection

These methods are used for reducing the risk and lows the impact on the assets of the

organisations. This method can also reduce the time and the efforts it takes in fixing the risks and

also fix the cost of the risk

Risk avoidance

This treatment helps in eliminating all the identified risks in the organisation. If we

identify the risk in the operating systems then these OS will not able to receive any of the

security patches from the OS producers.

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Practical Connection

References

Gulick, Jessica; Fahlsing, Jim; Rossman, Hart; Scholl, Matthew; Stine, Kevin; Kissel, Richard

(16 October 2008). "Security Considerations in the System Development Life Cycle". doi:10.6028/NIST.SP.800-64r2 – via csrc.nist.gov.

Katsicas, Sokratis K. (2009). "35". In Vacca, John (ed.). Computer and Information Security

Handbook. Morgan Kaufmann Publications. Elsevier Inc. p. 605. ISBN 978-0-12- 374354-1.

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