Risk assessment

Risk assessment

Risk assessment is a complex, yet necessary, process. Generally speaking, risk assessment follows this formula: risk = asset value * threat * vulnerability. As a security manager, in order to perform an adequate risk assessment, you will need to determine the business focus, which will in turn give you the value of the IT assets, what the possible threats are for those assets, and how vulnerable the assets might be to attack.

Given the previous scenario of a medium-sized retail company with 2000 users, you might determine that assets, such as customer information or business strategy documents, have a high value to the business. What would be the most likely threats to those assets? What would be the most likely vulnerabilities that might expose those assets to attack? Determine a minimum of three likely threats and three likely vulnerabilities, and then provide an overview of the probable risk.

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