Essay on Information Security Risk Assessment System For Wolftech
1164 Words Jan 5th, 2016 5 Pages
The risk management is a process to identify risks within organization and to further manage the operations through putting up necessary controls in place. The further importance of risk assessment can be ascertained through fact that about 48% of the 283 companies have been victims of the computer crimes over 12 months’ period. In some other incident the internet worm affected the largest and complex network of computer in few hours.
Wolftech need to protect the information system from any type of unauthorized access, disruption, destruction, recording, inspection, disclosure, use and modification. If the confidential information of the organization is exposed to potential risks, so it is then obvious that the security measurement are required to protect the information system components. Software risk is the important part of the environment, process or development of the task and thus it increases the chances of the failure of the project if it is ignored.
There are various suspected risks to IT assets are identified on basis of associated threats and vulnerabilities. The necessary controls have been proposed to manage the identified risks. The scale of risks has been defined as High, moderate, low on basis of its respective vulnerability and threat. The risk worksheet for the Wolftech is as follows:
Asset Risk Category Risk description Vulnerability
Scale (1-5) Likelihood
Scale (1-5) Risk rating