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Information security risk management is the ongoing process of discovering, correcting, and preventing security problems. Risk assessment is an integral part of an organization's risk management process, designed to provide appropriate security levels for its information systems and data.
IT enterprise security risk management allows the organization to assess, identify, and modify its overall security posture. It also enables security, operations, organizational leadership, and other personnel to collaborate and view the entire organization from an attacker's perspective.
Comprehensive security risk management can also determine the value of the various types of data generated and stored across the organization. Without valuing multiple data types, it is nearly impossible to prioritize and allocate technology resources where they are needed most. To accurately assess risk, management must identify the most valuable data to the organization, the storage mechanisms of said data, and their associated vulnerabilities.
Many frameworks can be used to create good information security risk management.One of the most common is the NIST Cybersecurity Framework detailed below.
This will be an ongoing process for each organization.To manage risks effectively, organizations should evaluate the likelihood of events that threaten the IT environment and the potential impact of each threat/risk.