In IT security risk assessment, risk analysis is significant in helping the cybersecurity analyst determine the controls needed to mitigate the vulnerabilities, threats, and risks detected. In evaluating the IT-related business processes applied by an organization, understanding the relationship between risk and control is significant to the cybersecurity professional. The cybersecurity professional should be able to relate the application of different information security concepts to the role of a cybersecurity professional.
For this assignment, develop a presentation with speaker notes in which you communicate to executive management and stakeholders the importance of implementing a risk-management strategy as part of the corporate security program. Provide the following:
Title (1 slide)
Agenda (1 slide)
Introduction (1 slide)
Define the importance and value of corporate data and the cost of ownership, and functional and technical requirements (1 slide)
Discuss the process of risk assessment or analysis (1 slide)
Identify and classify IT assets
Identify the likelihood of the vulnerability and impact
Identify risks to manage and its possible approaches (avoid, share or transfer, mitigate, accept risk)
Risk-management strategies and countermeasures (1 slide)
Develop a risk matrix describing the possible occurrence of events or incidents similar to the assessment’s findings, their level of severity and impact, and their categories (likelihood of occurrence). Discuss each of these vectors of the matrix at the speakers note section.
Performance measurement and evaluation – Risk-management log (1 slide)
You will design a risk register into which you will insert these findings and classify them based on the risk matrix and recommendations for mitigation and control. Insert the register in a slide and discuss in detail the risk of theft or exposure to personal identifiable information (PII) when paper documents and electronic files are not properly disposed of (shredded, removed) at the speaker notes section.
Manage network and connectivity issues as part of the risk-management strategy (1 slide)
Manage sensitive documents, errors, and exceptions (1 slide)
Summary and conclusion (1 slide)
References
In the presentation, define each topic’s role in information security. In the speaker’s notes, discuss in a vivid and succinct manner how the information security role relates the role of a cybersecurity professional or can help a cybersecurity professional accomplishes related tasks. Based on the speaker notes, you will make a recording to accompany the presentation using the VideoNote feature.
Listed below are some tips for your slide presentation and recording.