1. What is risk management? Why is the identification of risks, by listing assets and their vulnerabilities, so important to the risk management process?
Risk management is the process of identifying risk, as represented by vulnerabilities, to an organization’s information assets and infrastructure, and taking steps to reduce this risk to an acceptable level. Each of the three elements in the C.I.A. triangle, introduced in Chapter 1, is an essential part of every IT organization’s ability to ...view middle of the document...
2. According to Sun Tzu, what two key understandings must you achieve to be successful in battle?
First, you must identify, examine, and understand the information and systems currently in place within your organization. This is self-evident. To protect assets, which are defined here as information and the systems that use, store, and transmit information, you must know what they are, how they add value to the organization, and to which vulnerabilities they are susceptible. Once you know what you have, you can identify what you are already doing to
protect it. Just because a control is in place does not necessarily mean that the asset is protected. Frequently, organizations implement control mechanisms but then neglect the necessary periodic review, revision, and maintenance. The policies, education and training programs, and technologies that protect information must be carefully maintained and administered to ensure that they remain effective.
Know the Enemy
Having identified your organization’s assets and weaknesses, you move on to Sun Tzu’s...