Managing threats with the use of information technology is part of a necessary process that all organizations need to go through in order to protect their interests. As much as all risks cannot be fully eliminated, identifying and achieving a certain risk level is good enough. Information Security Risk in Qatar purposely focuses on identifying them, assessing and treating threats.
Information security risk management process begins with identifying the assets of the company. Every entity has those assets that are precious such that when they are compromised, it would in turn have a negative impact on the organization. For intake if the confidentiality of social security numbers or company codes were hacked, this could have a significant impact on the company.
The next target is to find out where and how the entity is vulnerable. Vulnerability in software or other processes could directly put the integrity and confidentiality of the company at risk. An entity may also face a number of threats that could take advantage of its vulnerability. Threats such as the company being a target of hackers, human and natural disasters, errors in maintenance and social engineering affects its confidentiality.
Even when a threat is not yet realized, there must be some control measures used to protect this assets that the company has. The controls used can identify the vulnerability and either fix the risk or lessen the impact that it will have. Finding out the controls later leads to an assessment process which combines the information received, that is the vulnerability, assets and controls in order to define the hazard.
After analyzing and assessing the risk, treatment procedures are advised. The choice of remedy can rely on the capability of the company. Mitigation is one of the treatment methods that involves reducing the impact that the hazard will have but does not entirely fix the problem. Unlike remediation which completely fixes the problem, mitigation only works to soften the impact from the hazard identified.
Transferring the risk found in the entity to another company, also known as transference is an option. This allows the organization to be able to recover from the costs that the problem imparted when it was discovered. This can be done through having an insurance that will provide coverage for any losses incurred when vulnerable systems have been attacked. Transference would be a good substitute for remediation and mitigation.
The other option is acceptance of the problem. This is because realization of a certain problem and fixing it may cost more than accepting its existence. This is only appropriate when the hazard found has less impact or is very low and the time that would be taken to fix it will cause a lot of money. If the company cannot afford the whole process, this is the best option to take.
In addition to this treatment, avoidance is also a safe option. This allows you to prevent or remove any exposure to hazard. For instance, if you may have found out that the operating system of a certain software is nearly expiring, making it vulnerable, you can simply migrate sensitive data to another sever to avoid them being compromised. This should be done while a plan for decommissioning is being developed to save both sensitive and nonsensitive data.
Information security risk management process begins with identifying the assets of the company. Every entity has those assets that are precious such that when they are compromised, it would in turn have a negative impact on the organization. For intake if the confidentiality of social security numbers or company codes were hacked, this could have a significant impact on the company.
The next target is to find out where and how the entity is vulnerable. Vulnerability in software or other processes could directly put the integrity and confidentiality of the company at risk. An entity may also face a number of threats that could take advantage of its vulnerability. Threats such as the company being a target of hackers, human and natural disasters, errors in maintenance and social engineering affects its confidentiality.
Even when a threat is not yet realized, there must be some control measures used to protect this assets that the company has. The controls used can identify the vulnerability and either fix the risk or lessen the impact that it will have. Finding out the controls later leads to an assessment process which combines the information received, that is the vulnerability, assets and controls in order to define the hazard.
After analyzing and assessing the risk, treatment procedures are advised. The choice of remedy can rely on the capability of the company. Mitigation is one of the treatment methods that involves reducing the impact that the hazard will have but does not entirely fix the problem. Unlike remediation which completely fixes the problem, mitigation only works to soften the impact from the hazard identified.
Transferring the risk found in the entity to another company, also known as transference is an option. This allows the organization to be able to recover from the costs that the problem imparted when it was discovered. This can be done through having an insurance that will provide coverage for any losses incurred when vulnerable systems have been attacked. Transference would be a good substitute for remediation and mitigation.
The other option is acceptance of the problem. This is because realization of a certain problem and fixing it may cost more than accepting its existence. This is only appropriate when the hazard found has less impact or is very low and the time that would be taken to fix it will cause a lot of money. If the company cannot afford the whole process, this is the best option to take.
In addition to this treatment, avoidance is also a safe option. This allows you to prevent or remove any exposure to hazard. For instance, if you may have found out that the operating system of a certain software is nearly expiring, making it vulnerable, you can simply migrate sensitive data to another sever to avoid them being compromised. This should be done while a plan for decommissioning is being developed to save both sensitive and nonsensitive data.
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