- "IT risk management is the application of risk management methods to information technology in order to manage IT risk."
Assessing and mitigating risks to IT systems and data.
Risk assessment: The process of identifying, analyzing, and evaluating risks to determine their potential impact on an organization's operations.
Threat modeling: A process used to identify potential threats to an organization's assets, systems, or infrastructure.
Vulnerability assessment: An analysis of an organization's information systems, networks, and infrastructure to identify potential vulnerabilities.
Risk management framework: A structured approach to identifying, assessing, and managing risks within an organization.
Incident response planning: The process of developing and implementing a plan to address security incidents when they occur.
Disaster recovery planning: A plan that focuses on restoring critical systems and operations following a disaster.
Business continuity planning: A plan that focuses on ensuring business continuity during and after a disruptive event.
Security policy development: Creation of policies that outline the expectations for the security of an organization's information systems.
Risk mitigation strategy: A plan to reduce or eliminate potential risks.
Cybersecurity threat intelligence: The process of analyzing and interpreting data about cybersecurity threats.
Cybersecurity training and awareness: Education to raise awareness about cybersecurity risks and how to manage them.
Threat hunting: A proactive approach to identifying and responding to cyber threats.
Incident management: The process of managing and responding to security incidents.
Endpoint security: The protection of individual devices or endpoints such as laptops or mobile devices.
Network security: The protection of an organization's networks.
Access control: Restricting access to an organization's systems and data.
Risk communication: The process of communicating risks to stakeholders and decision-makers.
Compliance management: The process of ensuring an organization's compliance with regulations and standards.
Data encryption: The process of converting data into a code to prevent unauthorized access.
Patch management: The process of updating software to address known vulnerabilities.
Threat management: Identifying, assessing, and mitigating threats posed to an organization's IT infrastructure, systems, applications, and data.
Vulnerability management: Conducting assessments of an organization's security posture and identifying vulnerabilities that could be exploited by cyber attackers.
Incident management: Responding to and managing cybersecurity incidents, including detection, containment, and recovery.
Disaster recovery management: Ensuring that an organization's IT infrastructure and data can be restored in the event of a disaster or cyber attack.
Supply chain risk management: Assessing and mitigating risks posed by third-party vendors or supply chain partners.
Compliance management: Ensuring that an organization complies with relevant cybersecurity regulations and standards, such as the General Data Protection Regulation (GDPR) or the Payment Card Industry Data Security Standard (PCI DSS).
Identity and access management: Managing user identities and controlling access to IT resources, applications, and data.
Risk assessment and analysis: Identifying potential risks and evaluating the likelihood and impact of each risk to an organization's IT infrastructure and digital assets.
Security operations: Performing ongoing monitoring, management, and maintenance of an organization's cybersecurity measures.
Incident response planning: Developing and implementing plans to respond to cybersecurity incidents and minimize damage or data loss.
- "The business risk associated with the use, ownership, operation, involvement, influence, and adoption of IT within an enterprise or organization."
- "IT risk management can be considered a component of a wider enterprise risk management system."
- "The establishment, maintenance, and continuous update of an information security management system (ISMS) provide a strong indication that a company is using a systematic approach for the identification, assessment, and management of information security risks."
- "Different methodologies have been proposed to manage IT risks, each of them divided into processes and steps."
- "This encompasses not only the negative impact of operations and service delivery which can bring destruction or reduction of the value of the organization, but also the benefit enabling risk associated to missing opportunities to use technology to enable or enhance business or the IT project management for aspects like overspending or late delivery with adverse business impact."
- "Because risk is strictly tied to uncertainty, decision theory should be applied to manage risk as a science, i.e. rationally making choices under uncertainty."
- "The measure of an IT risk can be determined as a product of threat, vulnerability, and asset values."
- "Risk = Likelihood * Impact"
- "A more current risk management framework for IT Risk would be the TIK framework."
- "Risk = ((Vulnerability * Threat) / Countermeasure) * Asset value at risk"
- "The process of risk management is an ongoing iterative process. It must be repeated indefinitely."
- "The choice of countermeasures (controls) used to manage risks must strike a balance between productivity, cost, effectiveness of the countermeasure, and the value of the informational asset being protected."
- "The business environment is constantly changing and new threats and vulnerabilities emerge every day."
- "IT risk management is the application of risk management methods to information technology in order to manage IT risk."
- "The establishment, maintenance, and continuous update of an information security management system (ISMS) provide a strong indication that a company is using a systematic approach for the identification, assessment, and management of information security risks."
- "The measure of an IT risk can be determined as a product of threat, vulnerability, and asset values."
- "Different methodologies have been proposed to manage IT risks, each of them divided into processes and steps."
- "The choice of countermeasures (controls) used to manage risks must strike a balance between productivity, cost, effectiveness of the countermeasure, and the value of the informational asset being protected."
- "Because risk is strictly tied to uncertainty, decision theory should be applied to manage risk as a science, i.e. rationally making choices under uncertainty."