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7 Elements of Information Security Risk Management

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data security concept.
© Universiti Malaya

To prevent risk, we need to perform an information security risk management which consists of 7 main steps as follows:

1. Identifying Assets – In the context of information security, assets are systems, services, and data essential for specific business processes and tasks.

2. Valuing Assets – After identifying the information assets, need to value the assets. Asset valuation is different depending on the asset itself.

3. Threat Awareness – Threats to information security are actions that can cause unwanted consequences for your assets.

4. Understanding Vulnerabilities – A vulnerability is either a direct weakness in an asset or in an organization’s IT infrastructure that can be exploited.

5. Know Your Exposure – Exposure is the susceptibility of a particular vulnerability to being exploited by a threat within your IT infrastructure.

6. Measuring Risk – Risk is the likelihood that a given exposure will happen, leading to a negative outcome for your IT assets.

7. Implementing Safeguards – Implementing safeguards is the meat of what many lay people consider encompassing cybersecurity.

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Introduction to Information Security Management

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