Assistant Secretary of Defense for Homeland Defense and Global Security Risk Management Risk Management is the process by which decision makers are provided with the necessary information to accept, reduce or offset risk. Activities include the identification, assessment, and security enhancement of assets essential for executing the National Military Strategy.
These recent laws and mandates include the following: The Healthcare Information Privacy and Portability Act HIPPA is driving the need for vulnerability and risk assessments to be conducted within any health-care or health-care-related institution.
The need to conduct vulnerability and risk assessments is being driven by these new laws and mandates. Organizations must now be information security conscious and must develop and implement proper security controls based on the results of their internal risk assessment and vulnerability assessment.
By conducting a risk assessment and vulnerability assessment, an organization can uncover known weaknesses and vulnerabilities in its existing IT infrastructure, prioritize the impact of these vulnerabilities based on the value and importance of affected IT and data assets, and then implement the proper security controls and security countermeasures to mitigate those identified weaknesses.
Risk Terminology With any new technology topic, terminology, semantics, and the use of terms within the context of the technology topic can be confusing, misused, and misrepresented.
Risk itself encompasses the following three major areas: Risk is the probability or likelihood of the occurrence or realization of a threat. There are three basic elements of risk from an IT infrastructure perspective: Asset—An IT infrastructure component or an item of value to an organization, such as data assets.
Threat—Any circumstance that could potentially cause loss or damage to an IT infrastructure asset.
Vulnerability—A weakness in the IT infrastructure or IT components that may be exploited in order for a threat to destroy, damage, or compromise an IT asset. An IT asset or data asset is an item or collection of items that has a quantitative or qualitative value to an organization.
Examples of IT assets that organizations may put a dollar value or criticality value on include the following: Operating systems software—Operating system software, software updates, software patches, and their configuration and deployment on production services and workstations.
IT security hardware and software—Operating system and security application software, production servers, DMZs, firewalls, intrusion detection monitoring systems, security monitoring, and alarm notification systems. Intellectual property—Customer data, customer databases, application data, application databases, information, and data assets.
Intellectual property may have an intrinsic value to an organization depending on what the intellectual property is and whether the organization generates revenue from this intellectual property.
IT infrastructure documentation, configurations, and backup files and backup data—Complete and accurate physical, logical, configuration, and setup documentation of the entire IT infrastructure, including backup files, backup data, disk storage units, and data archiving systems.
A threat is any agent, condition, or circumstance that could potentially cause harm, loss, damage, or compromise to an IT asset or data asset. From an IT infrastructure perspective, threats may be categorized as circumstances that can affect the confidentiality, integrity, or availability of the IT asset or data asset in terms of destruction, disclosure, modification, corruption of data, or denial of service.
Examples of threats in an IT infrastructure environment include the following: Also, if the data was of a confidential nature and is compromised, this can also be a critical threat to the organization, depending on the potential damage that can arise from this compromise.
Disclosure of confidential information—Disclosure of confidential information can be a critical threat to an organization if that disclosure causes loss of revenue, potential liabilities, or provides a competitive advantage to an adversary.
Cyber terrorism—Because of the vulnerabilities that are commonplace in operating systems, software, and IT infrastructures, terrorists are now using computers, Internet communications, and tools to perpetrate critical national infrastructures such as water, electric, and gas plants, oil and gasoline refineries, nuclear power plants, waste management plants, and so on.
Viruses and malware—Malware is short for malicious software, which is a general term used to categorize software such as a virus, worm, or Trojan horse that is developed to damage or destroy a system or data. Viruses are executable programs that replicate and attach to and infect other executable objects.
Some viruses also perform destructive or discrete activities payload after replication and infection is accomplished. For all known DoS attacks, system administrators can install software fixes to limit the damage caused by the attacks. But, like viruses, new DoS attacks are constantly being dreamed up by hackers.
Acts of God, weather, or catastrophic damage—Hurricanes, storms, weather outages, fires, floods, earthquakes, and total loss of IT infrastructures, data centers, systems, and data. A vulnerability is a weakness in the system design, a weakness in the implementation of an operational procedure, or a weakness in how the software or code was developed for example, bugs, back doors, vulnerabilities in code, and so on.
Vulnerabilities may be eliminated or reduced by the correct implementation of safeguards and security countermeasures.
Many vulnerabilities are derived from the various kinds of software that is commonplace within the IT infrastructure. This type of software includes the following: Firmware—Software that is usually stored in ROM and loaded during system power up.Provides information on What an Ecological Risk Assessment is, What the Army is doing, What the Army has done, Why it's important and links to more information.
The different risk methods will be analyzed, and then the risk assessment team will make those conclusions on the risk. In this day of ages, risk is one of the biggest threats to any hospital. The reason for this is that the hospital needs quantify their action.
If you have an older browser version that will not support the TRiPS Online Assessment, then you may utilize the officially approved offline PDF version below to complete your risk assessment. This offline PDF version can be completed, saved, printed, and/or emailed to your supervisor for approval.
RAND’s contracts for the operation of its U.S. Department of Defense federally funded research and development centers. - v - CONTENTS of probability assessment and risk communication.
- xi - ACKNOWLEDGMENTS eco-systems. In this report we will be concerned with the use of these. Q9 Quality Risk Management U.S. Department of Health and Human Services the importance of quality systems Risk assessment consists of the identification of hazards and the analysis and.
The assessment will identify available resources, staff characteristics, and areas that your organization needs to improve. As a result of the assessment, your organization can prepare for any barriers that would otherwise hinder QI projects.