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Once completed, the visual representation is used to identify and enumerate potential threats. Further analysis of the model regarding risks associated with identified threats, prioritization of threats, and enumeration of the appropriate mitigating controls depends on the methodological basis for the threat model process being utilized.
The Certified Information Systems Auditor Review Manual 2006 by ISACA provides this definition of risk management: "Risk management is the process of identifying vulnerabilities and threats to the information resources used by an organization in achieving business objectives, and deciding what countermeasures, if any, to take in reducing risk to an acceptable level, based on the value of the ...
A vulnerability assessment is the process of identifying, quantifying, and prioritizing (or ranking) the vulnerabilities in a system. Examples of systems for which vulnerability assessments are performed include, but are not limited to, information technology systems, energy supply systems, water supply systems, transportation systems, and communication systems.
Some examples of risk sources are: stakeholders of a project, employees of a company or the weather over an airport. Problem analysis [citation needed] – Risks are related to identified threats. For example: the threat of losing money, the threat of abuse of confidential information or the threat of human errors, accidents and casualties.
Security management is the identification of an organization's assets i.e. including people, buildings, machines, systems and information assets, followed by the development, documentation, and implementation of policies and procedures for protecting assets.
Many NIST publications define risk in IT context in different publications: FISMApedia [9] term [10] provide a list. Between them: According to NIST SP 800-30: [11] Risk is a function of the likelihood of a given threat-source’s exercising a particular potential vulnerability, and the resulting impact of that adverse event on the organization.
Risk analysis is the process of identifying and assessing risks that may jeopardize an organization's success. It typically fits into a larger risk management framework. Diligent risk analysis helps construct preventive measures to reduce the probability of incidents from occurring, as well as counter-measures to address incidents as they ...
A well-known example of vulnerability is the Common Weakness Enumeration, [67] a repository of vulnerabilities in the source code that make applications exposed to security breaches. The measurement of critical application characteristics involves measuring structural attributes of the application's architecture, coding, and in-line ...