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Technology

In: Computers and Technology

Submitted By rocman27a
Words 1196
Pages 5
Assets and Risk Management
Michael Young

29 October 2015

Abstract One of the most important responsibility in any organization is to protect the assets and seek ways to harden systems by performing test and implementing Intrusion Detection Systems (IDS). With the increase in attacks by hackers most organizations use vulnerability, threat, and exploit assessment to help keep their systems protected. A risk exist when threats are able to exploit vulnerabilities. It is understood there will always be a risk and threat. The technology used to infiltrate systems today has advanced significate over the years. I believe companies do not invest enough money in testing their systems regularly. In this paper I will talk about two (2) risk assessment methodologies and the key approaches to identifying threats relevant to an organization. I will also discuss the different types of assets that need protection. Lastly, I will explain the relationship between access and risk, and identify the tradeoffs of restricting access to the organization’s assets. Assets and risk management are essential components to a successful organization. Risk Assessment A risk assessment can save you time and resources if you follow the procedures, and utilize the resources available to conduct your assessment. The two preferred methods used to identify threats are reviewing historical data and threat modeling. The technique used often depends on the environment and resources available. Some companies can afford to use both methods. The historical method is the most cost efficient. Historical Data. This method is the easier and most often used unlike threat modeling, which can be complicated and difficult. The management team should have a good understanding of all the threats that affected the organization negatively and/or cost them to lose time, money, or resources. That data…...

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