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INF80043 - IT Risk Management Assignment

   

Added on  2020-03-01

15 Pages3514 Words86 Views
Running head: IT RISK MANAGEMENTIT Risk ManagementName of the student:Student ID:Name of the University:Author’s note:

1IT RISK MANAGEMENTTable of Contents1. Illustration of Current Security Risks and Concerns of VIC Government..................................22. Diagram Analysis and Risk Classification..................................................................................32.1 Analysis of the Security Risks and Concerns of VIC Government Diagram........................32.2 Classification of the Risk and Identifying their Exposure Area............................................53. Comparison and Ranking of Threats...........................................................................................73.1 Comparing the Accidental and Deliberate Threats................................................................73.2 Ranking Threats for VIC Information System......................................................................84. Security Challenges of VIC information system.........................................................................95. Risk vs. Uncertainty in VIC information system.......................................................................116. Risk Mitigation and Management in VIC Information System.................................................12References......................................................................................................................................14

2IT RISK MANAGEMENT1. Illustration of Current Security Risks and Concerns of VIC GovernmentThe use of information technology had made its evitable for the formation of the issues ofthe privacy and security for the VIC government. The government requires the development ofthe some improved and concise development for the implication of the improved processes fordealing with the risk factors. The formation of the operations would imply the effective andsmart processing in developing the effective and smart processing of the organization. Thefollowing diagram would depict the various factors of risk in the operations of the VICgovernment,Figure 1: Security Risks and Concerns of VIC Government

3IT RISK MANAGEMENT(Source: Created by the author in Ms-Visio)2. Diagram Analysis and Risk Classification2.1 Analysis of the Security Risks and Concerns of VIC Government DiagramThe diagram for the risk and concern analysis for VIC government had shown the use ofthe simple IT information system for the management of the information and implication of theadvanced processes. The components of the VIC diagram are information system, riskassessment, threats, vulnerabilities, security controls, and security requirements. VIC Government: The VIC government represents the users and members of thegovernment board that uses the information system and it would be implied for increasing theefficiency of the operations. The system development would ease the operations of theorganization and its implication would form performance improvement for the organization. Information System: The information system would be implied for integrating thedevelopment of the operations for forming the effective information processing. The processingof the system would result in employing the advanced processing of the data and information toguide the effective flow of information. The system processing had been implied for forming thefaster data processing and development. Risk Factors: There are a number of risk factors that affect the processing of theinformation over the network of the organization. The threat and vulnerabilities would result inintegrating the development of the issues for the operations of the organization. The securitycontrol system for the VIC government information processing would include the formation ofthe systematic control over the errors and issues. The various vulnerabilities and the threats havesincere impact on the development of the issues on the operations of VIC government. The

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