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Risk Management for Information System Security (Essay Sample)

Read the assignment attachment, then read SP 888-30 Rev1-ipd, Sp 800-39-final and Domanin 3 word doucment. For other reading please review at a well written paper attachment. Once read everything please answer the following questions: After reading the above articles (the first two are documentations with many pages, please selectively read the important content rather than read word-by-word), please write a 2-5 page paper titled: "How to Systematically Conduct Risk Assessments of Information System Security Risks? -- Foundamentals and Methods" (Title of the paper) Assignment Expectations: Please address the following issues in your paper: 1. The importance of risk management for information system security 2. The priciples and foundamentals of risk management of information system security 3. The importance and foundamentals of risk assessment of information system security 4. The methods of risk assessents including processes, matrix, calculations, etc. 5. The challenges and solutions to risk assessments that are particularly interestng to you source..
Risk Management for Information System Security Name Course Date of Submission Risk Management for Information System Security Risk management of information process is very important in the wellbeing of any company. The safety of the company’s information is crucial to its survival. Every company has to protect its information from leaking in order to keep up with its business. A good risk management of information is essential in ensuring that the company’s information is safe. Every company has to decide the level of security to give to different information systems depending on the level of risk it carries. A well-managed risk management system helps in determining what information to protect. It provides a guideline on the types of information to give the first priority depending on the levels of risk on them. Risk management also helps give a financial sense to security issues. Risk management helps in determining the worth of each piece of information and the level of protection it is worth. It is not economical to spend a hundred dollars on a piece of information whose worth is ninety dollars. Thus, risk management is important in the evaluation of information and the choice of an appropriate security system. Risk management also helps link the IT sector with the business world. Traditionally, security was a matter of the IT department only. However, risk management has helped in linking the two sectors to be more integrated with each other. Risk management is governed by various principles. The first principle is prevention. Prevention means that a risk management system should be able to protect the company’s information correctly. A good risk management process should be able to protect the information of a company and prevent any r...
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