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Cyber Security Risk Assessment

Perform a risk analysis of a scenario organization's cyber risk and identify threats. Present findings in a 30-minute PBL presentation.

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Added on  2023-01-18

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This presentation provides an overview of cyber security risk assessment, including the importance of risk assessment, common threats in cyberspace, and cyber security concerns in organizations. It also explores the benefits of risk assessment and includes case studies of risk assessment in Commonwealth Bank, Target Australia, and ABC Company.

Cyber Security Risk Assessment

Perform a risk analysis of a scenario organization's cyber risk and identify threats. Present findings in a 30-minute PBL presentation.

   Added on 2023-01-18

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CYBER SECURITY
RISK ASSESSMENT
Cyber Security Risk Assessment_1
NEED TO
KNOW
CYBERSPACE
THREATS IN CYBERSPACE
CYBER SECURITY
CONCERNS IN
ORGANISATIONS
CYBER SECURITY RISK
ASSESMENT
Cyber Security Risk Assessment_2
CYBERSPACE
CYBERSPACE-
An entire universe of information that is
generated via internet.
A three dimensional representation of
computer networks in the virtual space
(Brake 2015).
Interconnected world of digital
technology (Kostopoulos 2017).
Forms the heart of the modern digitally
connected society
Cyber Security Risk Assessment_3
THREATS IN
CYBERSPACE
THREATS IN CYBERSPACE
The IoT means more DDoS Attacks
Data Theft
Web apps attack
Ransomware attack
Password-based authentication risks
Insiders attack
Cyber Security Risk Assessment_4
C Y B E R S E C U R I T Y
C O N C E R N S I N
O R G A N I S AT I O N S
TOP CYBER SECURITY
CONCERNS IN BUSINESS
ORGANISATIONS:
Data breach (Ghernaouti-Helie 2016)
Unplanned IT and Telecom outages
Interruption to utility supply
Cyber Security Risk Assessment_5
CYBER SECURITY
RISK ASSESMENT
CYBER SECURITY RISK
ASSSESMENT
Reviews risks associated with specific
problems
Includes risks associated with
information technology, security
issues and projects (Lanz 2015).
Based on qualitative and quantitative
analysis.
Important part of IT and business
projects.
Cyber Security Risk Assessment_6
IM PO RTA N C E O F
CY B ER SE C U R IT Y
RI S K A S S E SM EN T
BENEFITS OF CYBER SECURITY
RISK ASSESMENT
Cyber Security Risk Analysis can help
organisations to minimize the risks of cyber
security in many ways-
Helps in identifying the gaps inn cyber security and
helps in eliminating the gap (Jouini et al. 2015).
Helps in defining the financial and organizational
impacts by rating the overall risk factors.
Helps in enhancing the decision making process
and the communication planning process (Refsdal,
Solhaug and Stølen 2015).
Helps in improving security policies and
procedures in business organisations.
Increases cyber security awareness among the
employees of organisations and helps them in
Cyber Security Risk Assessment_7
CYBER SECURITY RISK ASSESMENT BASED ON
SCENARIOS
CYBER SECURITY RISK ASSESSMENT METHOD
The process of Cyber security risk analysis includes the
following processes-
Identifying and prioritizing the assets.
Identifying the threats associated within the specific
organisation.
Identifying the vulnerabilities (Otero 2015).
Analyzing the controls (Giacomello 2014).
Determining likelihood of an incident
Assessing the impact a threat could have.
Prioritizing the information security risks (Xiangmo et al.
2014).
Recommending controls.
Cyber Security Risk Assessment_8

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