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Risk assessment results including identified assets, threats, vulnerabilities, impact and likelihood assessment, and the risk results analysis; Recommended safeguards; Criticisms and shortcomings. IT security risk assessments like many risk assessments in IT, are not actually quantitative and do not represent risk in any actuarially-sound ...
NIST Cybersecurity Framework ( CSF) is a set of guidelines for mitigating organizational cybersecurity risks, published by the US National Institute of Standards and Technology (NIST) based on existing standards, guidelines, and practices. [1] The framework "provides a high level taxonomy of cybersecurity outcomes and a methodology to assess ...
In quantitative risk assessment, an annualized loss expectancy (ALE) may be used to justify the cost of implementing countermeasures to protect an asset. This may be calculated by multiplying the single loss expectancy (SLE), which is the loss of value based on a single security incident, with the annualized rate of occurrence (ARO), which is an estimate of how often a threat would be ...
Factor analysis of information risk ( FAIR) is a taxonomy of the factors that contribute to risk and how they affect each other. It is primarily concerned with establishing accurate probabilities for the frequency and magnitude of data loss events. It is not a methodology for performing an enterprise (or individual) risk assessment.
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. An organization uses such security management procedures for information classification ...
The certification agent confirms that the security controls described in the system security plan are consistent with the FIPS 199 security category determined for the information system, and that the threat and vulnerability identification and initial risk determination are identified and documented in the system security plan, risk assessment ...
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