Risk management (100% Accurate answers)

What is risk? correct answers Likelihood that a loss will occur. Harm that may arise from some current process or future event. Process of understanding and responding to factors that may lead to failure of CIA. What is risk cont. correct answers Likelihood Threat Vulnerability Impact Risk Component: Losses correct answers Losses- occur when a threat exposes a vulnerability results in a compromise to business functions or assets Threat correct answers Any activity that represents a possible danger or loss of CIA. To identify risks correct answers Identify Threats Identify vulnerabilities Estimate the likelihood of a threat exploiting a vulnerability Example: a Microsoft patch is not applied. correct answers Vulnerability- what the patch was fixing Threat- someone may gain access to a network if the patch inst applied Likelihood-?? When identifying risk consider correct answers CIA Confidentiality- data at rest/in transmission. Integrity- versioning, change management Availability- backups, required hours of operation. Not all risks are created equal or should be treated the same. correct answers True What is at risk correct answers Networks- is someone on the network, capturing data Data- is it being taken or altered. What is Risk Management correct answers the identification, assessment and prioritization of risks.