Managing threats with the use of information technology is part of a necessary process that all organizations need to go through in order to protect their interests. As much as all risks cannot be fully eliminated, identifying and achieving a certain risk level is good enough. Information Security Risk in Qatar purposely focuses on identifying them, assessing and treating threats.
Information security risk management process begins with identifying the assets of the company. Every entity has those assets that are precious such that when they are compromised, it would in turn have a negative impact on the organization. For intake if the confidentiality of social security numbers or company codes were hacked, this could have a significant impact on the company.
The next target is to find out where and how the entity is vulnerable. Vulnerability in software or other processes could directly put the integrity and confidentiality of the company at risk. An entity may also face a number of threats that could take advantage of its vulnerability. Threats such as the company being a target of hackers, human and natural disasters, errors in maintenance and social engineering affects its confidentiality.
Companies do have control measures set out to protect their precious assets. The controls system in place works by identifying the threats that the company faces and completely fixing the problem or lessening the impact that the hazard will bring. An assessment is also done, which involves a combination of the information collected on vulnerability, assets and threats which will help define the hazard.
After identifying and analyzing a threat, a treatment method is needed and the organization will have to select one that is within their capabilities. The company can choose to go through mitigation, this lessens the likelihood or impact that will be caused by the threat. However, it does not entirely fix or clear the problem unlike remediation which implements a control that fixes the threat found.
The next option could be to transfer the hazard to another organization. This works by having an insurance company that can cater for all the loss that will be incurred by covering for them. Insurance companies allows entities to recover from the costs that was incurred if the vulnerability of the systems of company were fully exploited. This method however should not completely root out remediation and mitigation but could serve as a supplement.
The other option is acceptance of the problem. This is because realization of a certain problem and fixing it may cost more than accepting its existence. This is only appropriate when the hazard found has less impact or is very low and the time that would be taken to fix it will cause a lot of money. If the company cannot afford the whole process, this is the best option to take.
In addition to this treatment, avoidance is also a safe option. This allows you to prevent or remove any exposure to hazard. For instance, if you may have found out that the operating system of a certain software is nearly expiring, making it vulnerable, you can simply migrate sensitive data to another sever to avoid them being compromised. This should be done while a plan for decommissioning is being developed to save both sensitive and nonsensitive data.
Information security risk management process begins with identifying the assets of the company. Every entity has those assets that are precious such that when they are compromised, it would in turn have a negative impact on the organization. For intake if the confidentiality of social security numbers or company codes were hacked, this could have a significant impact on the company.
The next target is to find out where and how the entity is vulnerable. Vulnerability in software or other processes could directly put the integrity and confidentiality of the company at risk. An entity may also face a number of threats that could take advantage of its vulnerability. Threats such as the company being a target of hackers, human and natural disasters, errors in maintenance and social engineering affects its confidentiality.
Companies do have control measures set out to protect their precious assets. The controls system in place works by identifying the threats that the company faces and completely fixing the problem or lessening the impact that the hazard will bring. An assessment is also done, which involves a combination of the information collected on vulnerability, assets and threats which will help define the hazard.
After identifying and analyzing a threat, a treatment method is needed and the organization will have to select one that is within their capabilities. The company can choose to go through mitigation, this lessens the likelihood or impact that will be caused by the threat. However, it does not entirely fix or clear the problem unlike remediation which implements a control that fixes the threat found.
The next option could be to transfer the hazard to another organization. This works by having an insurance company that can cater for all the loss that will be incurred by covering for them. Insurance companies allows entities to recover from the costs that was incurred if the vulnerability of the systems of company were fully exploited. This method however should not completely root out remediation and mitigation but could serve as a supplement.
The other option is acceptance of the problem. This is because realization of a certain problem and fixing it may cost more than accepting its existence. This is only appropriate when the hazard found has less impact or is very low and the time that would be taken to fix it will cause a lot of money. If the company cannot afford the whole process, this is the best option to take.
In addition to this treatment, avoidance is also a safe option. This allows you to prevent or remove any exposure to hazard. For instance, if you may have found out that the operating system of a certain software is nearly expiring, making it vulnerable, you can simply migrate sensitive data to another sever to avoid them being compromised. This should be done while a plan for decommissioning is being developed to save both sensitive and nonsensitive data.
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