100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Summary Risk Mitigation Step Plan doc.doc BSA/ 520 Gail Risk Mitigation Step Plan BSA/ 520 Introduction Gail Industries performed an analysis on the potential risks, threats, and vulnerabilities that the City of Smallvilles customers may experience by condu$7.49
Add to cart
Summary Risk Mitigation Step Plan doc.doc BSA/ 520 Gail Risk Mitigation Step Plan BSA/ 520 Introduction Gail Industries performed an analysis on the potential risks, threats, and vulnerabilities that the City of Smallvilles customers may experience by condu
1 view 0 purchase
Course
University Of Phoenix UoP
Institution
University Of Phoenix
Risk Mitigation Step Plan BSA/ 520 Gail Risk Mitigation Step Plan BSA/ 520 Introduction Gail Industries performed an analysis on the potential risks, threats, and vulnerabilities that the City of Smallvilles customers may experience by conducting online transactions. A risk and threat report...
risk mitigation step plan docdoc bsa 520 gail risk mitigation step plan bsa 520 introduction gail industries performed an analysis on the potential risks
and vulnerabilities that the
Written for
University Of Phoenix
University Of Phoenix UoP
All documents for this subject (3706)
Seller
Follow
helperatsof1
Reviews received
Content preview
BSA/ 520
Gail Risk Mitigation Step Plan
BSA/ 520
Introduction
Gail Industries performed an analysis on the potential risks, threats, and vulnerabilities
that the City of Smallville’s customers may experience by conducting online transactions. A risk
and threat report were then written up and submitted to SCOPE’s leaders. After careful review,
the leaders have accepted the report and are now aware of the risks it faces daily in its delivery
and operations. It is now imperative that the organization successfully mitigate actions to reduce
the severity, seriousness, and complexity that these risks, threats, and vulnerabilities present.
Risk Mitigation Plan
As IT Manager of Gail Industries, I have put together a Risk Mitigation Plan that will
manage, eliminate, or reduce risk to SCOPE’s acceptable level. Monitoring to evaluate the plans
effectiveness will begin immediately upon implementation. The purpose of monitoring will
allow IT the option to immediately revise the course-of-action in the event the plan does not
produce the intended result. Gail Industries mitigation plan if centered around the probability of
occurrence and the severity of the consequence for each identified risk.
A Risk Matrix is utilized to identify the Probability / Impact / Overall Risk Level. In
other words, applying risk management principles along with their expertise to generate a table
presenting the probability of a risk occurring along with the possible impact that it might have on
the organization. Probability is established on a percentage of the likelihood the event would
occur.
0 – 40 Very Unlikely Low
41 – 60 Approximately Half the Time Medium
61 – 99 Likely High
100% would not be included since it represents the risk would absolutely occur.
, The impact would be founded on the financial impact, system availability, continuous
operations, and safety of personnel that the event would present to the organization or its
workforce should it transpire.
Low Minimum loss of assets or marginally affects operations.
Medium Loss of assets could be costly, operations affected, or injury to staff.
High Loss of assets is very costly, operations significantly affected, or severe
injury or death of personnel.
Transaction Attacks
Overall
Risk Probability Impact Mitigation
Severity Risk
Keep Software Up-to-Date
Install Anti-Virus Protection Software
Back Up Critical Data
Hold Security Training for Employees
Secure Infrastructure
Next Generation Firewalls
VPN
Anti-Virus
Online Anti-Spam
Security Medium High High Content Filtering
Attacks Web Filtering
Load Balancing
Intrusion Detection and Prevention
System
Implement Multi-Factor Authentication
("How To Best Mitigate Cybersecurity Risks And
Protect Your Data", 2019).
Assess System for External and Internal
Vulnerabilities
Implement an Enterprise-Level Network
Infrastructure
System Execute a Redundant Network Connection
Reliability Low High Medium Utilize a Backup Power Connection.
Use Cloud or Colocation Services
("5 Ways To AvoidNetwork Downtime For
Businesses", 2021).
Privacy Medium Medium Medium Establish a Team to Identify Privacy and
Issues Security Issues, Set Priorities, and
Standardize Access and Disclosure Practices.
Perform Recurring Assessments of Risks and
Controls
Encrypt Sensitive Data Utilizing the National
Institute of Standards and Technology
standard for data at rest and data in motion.
Employ Technology that Detects and Prevent
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller helperatsof1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.49. You're not tied to anything after your purchase.
