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ISOL 533 -Information Security and Risk Management Risk Management Plan University of the Cumberlands

Executive Summary

This Risk Management Plan covers the Risks, Threats, and Weaknesses of the Health Network, Inc. (Health Network). Different risks are identified that could actually affect the information security system in the long run. This way the possible threats from different risks are recognized in advance so that efforts could be made to mitigate risks. 7

Risks - Threats – Weaknesses within each domain

Compliance Laws and Regulations

Risk management plans are actually required to mitigate different risks that may affect health network. The health network like other network is not immune to the various threats that are present online. These include virus attacks, cyber hacking, malware attacks, Trojan, etc. The information that is stored in the health network is vital as they carry factual information about the patient. Therefore it becomes very necessary to maintain the records in such a way that any kind of manipulation could be avoided. Also keeping these records online would help in easy access when and wherever required. This way the pressure on the patient to keep safeguard their past records is declined. Also, the hospital authorities have no more to keep big chunks of files as information about the patient records. However, efforts are still required to secure these online information databases from various threats. These threats are from internal as well as external sources. The attempts are therefore required to overcome these threats so that they could not affect the database. Also saving the information inputs from virus attacks and hacking would further help in safeguarding the information from any kind of manipulation. This way Risk Management Plan covers the Risks, Threats, and Weaknesses of the Health Network. Different risks are identified that could actually affect the information security system in the long run. This way the possible threats from different risks are recognized in advance so that efforts could be made to mitigate risks.

Different compliance, laws, and regulations are therefore issued and amended from time to time so that high level of safety of the database could be attained. This includes instructions, guidelines, and activities that are required to be followed so that safety in handling and using database could be applied. This way the users are directed towards following a set of rules and guidelines so that the database could be made safe from virus and malware attacks and precautions could be taken to safeguard it from cyber hackers. Different compliance, laws, and regulations direct towards the application of detecting activities for virus attack or cyber hacking. This way the user can get aware of the possible threat to the database that has been facing due to different potential factors. Efforts could, therefore, be made towards mitigating these risks by applying various antivirus applications and security measures that could curb down cyber hacking. This way any unusual activity that may occur on the database could be identified and most appropriate action can be taken to over these problems.

A business process review is also required to be done with the purpose to identify the weaknesses that could generate risks in coming future. A Proper plan of action is therefore developed in the form of reforms, changes and proactive actions that could help in overcoming different risks and gaining access to various risk management techniques in the health network. These plans could help in avoiding the occurrence of particular risks that may affect the security measures of the database of the health network.

Risk – Threat – Weakness

Domain Impacted

Risk : Virus attacks Threat : information loss Weakness : Manipulation of information

Risk : Malware attacks Threat : Information loss Weakness : Loss of information

Risk : Trojan attacks Threat : Partial or complete loss of information Weakness : Can’t be predicted

Risk : Cyber hacking Threat : Stealing away of information Weakness : Cannot be stopped if not realized well in time.

Risk : Threat : Weakness :

Risk : Threat : Weakness :

Risk : Threat : Weakness :

Risk : Threat : Weakness :

Risk : Threat : Weakness :

Risk : Threat : Weakness :

Risk : Threat : Weakness :

Risk : Threat : Weakness :

Risk : Threat : Weakness :

Risk : Threat : Weakness :

Risk : Threat : Weakness :

Table 1

Figure 1

Bibliography Hillson, D., 2009. Managing Risk in Projects (Fundamentals of Project Management). Gower. Jan, E., 2009. Porter's generic strategies, performance and risk an empirical investigation with German data. Hamburg: Diplomica Verlag. Robinson, N., Wu, Y. & Mooney, P., 2013. Corruption risk in the Chinese Pharmaceutical Market. Deloitte, pp.1-6. Schneider, A. & Scherer, A.G., 2015. Corporate Governance in a Risk Society. J Bus Ethics, 126(4), pp.309-23. Ulsch, N.M., 2014. Cyber threat! how to manage the growing risk of cyber attacks. New Jersey: Wiley.

ISOL 533

-

Information Security and R

isk

Management

RISK MANAGEMENT PLAN

University of the Cumberlands

EXECUTIVE SUMMARY

This Risk Management Plan covers the Risks, Threats, and Weaknesses of the

Health Network, Inc.

(Health Network).

Different risks are identified that could actually affect the information security system in

the long run. This way the possible threats from different risks are recognized in advance so that efforts

could be made to mitigate risks. 7

RISKS

-

THREATS

WE

AKNESSES WITHIN EACH

DOMAIN

COMPLIANCE LAWS AND

REGULATIONS

Risk management plans are actually required to mitigate different risks that may affect health

network. The health network like other network is not immune to the various threats that are prese

nt

online. These include virus attacks, cyber hacking, malware attacks, Trojan, etc. The information that is

stored in the health network is vital as they carry factual information about the patient. Therefore it

becomes very necessary to maintain the reco

rds in such a way that any kind of manipulation could be

avoided. Also keeping these records online would help in easy access when and wherever required. This

way the pressure on the patient to keep safeguard their past records is declined. Also, the hospi

tal

authorities have no more to keep big chunks of files as information about the patient records. However,

efforts are still required to secure these online information databases from various threats. These threats

are from internal as well as external so

urces. The attempts are therefore required to overcome these

threats so that they could not affect the database. Also saving the information inputs from virus attacks

and hacking would further help in safeguarding the information from any kind of manipulat

ion.

This

way

Risk Management Plan covers the Risks, Threats, and Weaknesses of the

Health Network. Different risks

are identified that could actually affect the information security system in the long run. This way the

possible threats from different risk

s are recognized in advance so that efforts could be made to mitigate

risks.

ISOL 533 -Information Security and Risk Management RISK MANAGEMENT PLAN

University of the Cumberlands

EXECUTIVE SUMMARY

This Risk Management Plan covers the Risks, Threats, and Weaknesses of the Health Network, Inc.

(Health Network). Different risks are identified that could actually affect the information security system in

the long run. This way the possible threats from different risks are recognized in advance so that efforts

could be made to mitigate risks. 7

RISKS - THREATS – WEAKNESSES WITHIN EACH DOMAIN

COMPLIANCE LAWS AND REGULATIONS

Risk management plans are actually required to mitigate different risks that may affect health

network. The health network like other network is not immune to the various threats that are present

online. These include virus attacks, cyber hacking, malware attacks, Trojan, etc. The information that is

stored in the health network is vital as they carry factual information about the patient. Therefore it

becomes very necessary to maintain the records in such a way that any kind of manipulation could be

avoided. Also keeping these records online would help in easy access when and wherever required. This

way the pressure on the patient to keep safeguard their past records is declined. Also, the hospital

authorities have no more to keep big chunks of files as information about the patient records. However,

efforts are still required to secure these online information databases from various threats. These threats

are from internal as well as external sources. The attempts are therefore required to overcome these

threats so that they could not affect the database. Also saving the information inputs from virus attacks

and hacking would further help in safeguarding the information from any kind of manipulation. This way

Risk Management Plan covers the Risks, Threats, and Weaknesses of the Health Network. Different risks

are identified that could actually affect the information security system in the long run. This way the

possible threats from different risks are recognized in advance so that efforts could be made to mitigate

risks.