Department of Homeland Security Risk Lexicon: Terminology Assessment

Risk Lexicon Definitions Exercise
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Risk Lexicon Definitions Exercise
Risk: Risk assessment refers to recognizing potential risks that could cause adverse impacts on an organization’s ability to engage in business. Organizations are susceptible to various business risks, which requires them to identify and analyze the potential risk factors and levels to curb imminent and future threats. For example, reputation risks such as negative press may motivate organizations to monitor online and offline customer behavior to improve their brand image and reputation.
Threat: A Threat and Risk Assessment (TRA) is an effective risk assessment tool that examines the various cyber-related threats (Baingo, 2021). TRA strives to help businesses and organizations improve their IT security systems by identifying the various weaknesses and threats that hackers can exploit. Threats such as malware or DOS can interrupt, tamper, or destroy critical online services and IT products; thus, it’s vital to assess these threats before they occur.
Vulnerability: Organizations and their information systems are prone to cyber-attacks attributed to internal factors that could transform into significant threats. Unlike risk assessments that monitor ...