Risk Mitigation Plan Essay

624 words - 3 pages


A Risk Mitigation Plan is a report that identifies the actions that need to be taken to reduce the frequency and impact a risk could possibly have on the organization,

SCOPE
The scope of this document is suggest controls for risks that could affect this company in a negative way.
RISK
MITIGATION
Threat From Inside: The risk of a compromised system, data breeches, or simply a curious employee.
Strong access controls. Base network access on job requirements. Provide reasonable access to facilities. Frequent internal reviews of system and facility access should be completed to ensure that access is controlled.
Social Networks: Employees may divulge to much information to the public. Social networking sites pose a risk of phishing for sensitive information, pose a risk of data breeches (FISMA), and of corporate espionage.
Create policies on social network use at the office (it's your network). Use a firewall and internet restrictions to prevent access on ...view middle of the document...

Employee education on phishing e-mails and other e-mail based attacks.
Inadequate Security Policies: It is Predicted that in the coming years, each business function of an organization will be required to implement their own security policies as they relate to specific department functions in addition to a company wide information security program and policy.
Consistency amongst the company policy and a department policy. A department policy should include specific software and hardware used and how the software and hardware are controlled.
Unpatched software: unpatched software leaves programs and systems open to attacks.
Stay up to date on patches. Secure firewalls in place on the organizations network.
Generation-Y Factor: A new generation of workers enter the field who have grown up with technology and are known as the “click-through” generation. This generation has always had access to technology and the internet and tends to accept or ignore risks.
Strong controls over internet browsing also uploading/downloading and frequent employee education.
Security Backlash: Organizations stop implementing new security policies because employees and customers feel its to hard and time consuming to comply with current policies.
Employee education about the risks of security and not just what they have to do. Complete training for employees and customers on the security tools in place to ease the strain of use.
Cloud Computing: More and more organizations are putting their networks “in the cloud” if the network fails, the entire system is unavailable for the entire organization. Cloud systems are not maintained in the office and access controls need to be implemented.
Have a business continuity plan in place. Consider the need for redundant systems. Make sure the organization understands and has a service level agreement in place. Understand who may have access to your equipment and networks.
Compliance: The ever evolving nature of standards, regulations, and security/privacy laws provides a risk that an organization may not be in compliance with a standard, regulation, or law.
Yearly education of employees who are responsible for compliance. Maintain subscriptions to trade journals and monitor industry news, usually, new standards, regulations, and laws make the news.

Other Papers Like Risk mitigation plan

Risk Management Essay

1055 words - 5 pages is an event that has a positive or negative impact to a project and is inherent to any project. The plan contains analysis of risk as a high or low impact as well as the mitigating strategies that aid in meeting the schedule of the project. The mitigating strategies may involve one or more of the following strategies; risk avoidance by change of plan, risk control or mitigation which is taking chance of the impact as well as likelihood of

Emergency Management Training Essay

656 words - 3 pages another. Training for these phases can greatly increase the chances of successful recovery. Many think that mitigation is a difficult phase to train for. In fact, the training itself is a mitigation practice. Training for preparing, responding, or recovering from a disaster is, in reality, ensuring that the real thing is going to go closer to plan. Training should be scheduled for those issues that occur frequently in the Emergency Managerâ

Cis And Technology

1034 words - 5 pages mitigation plans designed to manage, eliminate, or reduce risk to an acceptable level. Once a plan is implemented, it is continually monitored to assess its efficacy with the intent of revising the course-of-action if needed. There are consequences of not taking risks, some of which may be negative. By Helping the customer and users understand that reality and the potential consequences of being overly timid and not taking certain risks in

Risk Response Planning

1479 words - 6 pages , risk exploitation seeks to ensure event occurs; sharing risk means involves third party who can further capitalize on opportunity for the benefit of the project; risk enhancement in the opposite of the risk mitigation which means increase the probability or likelihood. Risk acceptance could be used for both negative risk and positive risk, and we can regard this strategy as a neutral attitude- just accept and not active. Contingency Plan

Kudler Food

834 words - 4 pages current and future business need. KFF has not acquired professional resources, train staff, build and empower employees, and instilling culture of customer focus. This paper identifies correct problem, provide and evaluates options to address the problem to accomplish corporate vision, and assess risks associated with each suggested option with mitigation plan Step 1: Issues and

Risk Management

2511 words - 11 pages implement successful risk management, project team members should have a global perspective on the software development project. Risk assessment should determine the level of exposure to potential loss caused by risk materialization. The mitigation step is responsible for the creation of a risk avoidance plan. The conclusion step describes the execution of risk avoidance and mitigation plans. These steps will lead to a complete

Risk Assessment

681 words - 3 pages Risk Assessment and Mitigation Techniques Any solution will have inherent risk, the key is to identify and explore the consequences of the risks so mitigation can be incorporated into the implementation plan through contingency plans. Lawrence Sports faces several risks in attempting to implement a working capital policy. The first risk is the extension of credit to customers. If Lawrence Sports is too liberal with extending credit they will be

Is3110 Project: Risk Management Plan

1807 words - 8 pages Defense Logistics Information Service (DLIS) Outline I. Introduction a. Scope b. Assign to departments c. Risk Matrix d. Risk mitigation plan e. Impact Analysis II. (BIA) f. Departments g. Business Impact h. Costs Analysis III. Recommendations (BIA) i. Business Impact Analysis Results j. Maximum Acceptable Outage IV. (DLIS

It Risk Management

1301 words - 6 pages to determine the extent of the potential threat and the risk associated with an IT system. To determine the possibility of a future undesirable event, threats to an information technology system must be examined in conjunction with the potential vulnerabilities and the controls in place for the information technology system. Impact refers to the amount of harm that could be caused by a threat’s exercise vulnerability. Risk mitigation, the

risk management

3766 words - 16 pages , possible mitigation of that risk, and/or acceptance of the risk within the overall plan. | (Risk Management team) Generate Plan: Set in writing the completed plan for acceptance. (Risk Management team) Acceptance: Sign off of approving authority. ( Information Systems Officer ) Implementation: Implement changes ( Information Systems Officer) System Change Review :Upon completion of testing in lab conditions, provide addenda for this plan for

Risk Management Plan

998 words - 4 pages 10/10/2014 IS110 Risk Management Project Part 1 Introduction Purpose of the Risk Management Plan A risk in an event or condition that, if it occurs, could have a positive or negative effect on your project’s objectives. Risk Management is the process of identifying, assessing, responding to, monitoring, and reporting risks. This Risk Management Plan defines how risks associated with the Defense Logistics Agency project will be identified

Related Essays

Risk Information Sheet Essay

589 words - 3 pages to the complex migration, data integrity can be at risk. | Refinement/Context: | * Whole process would be forced to stopped should issues occur. * Data can be corrupted during transfer process * Long down time |   | Mitigation/Monitoring: | * Possibly export data in batches * Use of external storage device to transfer data |   | Management/Contingency Plan/Trigger: | * Develop a revised schedule assuming that data

Risk Management Process Essay

1985 words - 8 pages be taken to ensure that important lower level risks are not ignored. A typical work product would be a list of risks, with a priority assigned to each risk. 6. Demonstrate that you have a process to develop a risk mitigation plan for the most important risks to the project, as defined by the risk management strategy. A critical component of a risk mitigation plan is to develop alternative courses of action, workarounds, and fallback

Risk Management Plan Essay

739 words - 3 pages Project Part 1 Task 1: Risk Management Plan EC-Council University Introduction A risk management plan (RMP) is important to the DLIS and DLA because it will help us to identify and mitigate IT risks before they become catastrophic issues. This RMP will outline the objectives of the DLIS, the risks associated with the DLIS IT infrastructure, quantify these risks, develop a response plan to these risks by identifying roles and

Project Plan Essay

5265 words - 22 pages Exposure: Probability High Low High High High Medium Medium High Medium Low Low Impact Medium Medium Low Low Table 7-3 Determination of Risk Exposure 7.4 Risk Response and Contingency Management Plan Risk Responses describes the planned actions in case of occurrence of risk. Risk response can be categorised in following categories; Risk Avoidance Risk Transfer Risk Mitigation Risk