INFORMATION SECURITY RISK MANAGEMENT1
Table of Contents
1. Illustration of Current Security Risks and Concerns Considered by the VIC through Diagram:2
2. Explanation of the Diagram:........................................................................................................2
3. Analysis of the Deliberate and Accidental Threats:....................................................................3
3.1 Accidental Threats:................................................................................................................3
3.2 Deliberate Threats:.................................................................................................................4
3.3 Ranking of threats in order of importance.............................................................................4
3.4 Justification of the rankings...................................................................................................5
4. Challenges of Security/Risk Management Internally or Externally:...........................................5
5. Difference between Risk and Uncertainty:..................................................................................6
6. Discuss and Evaluation of Different Approaches Available to the VIC for Risk Control and
Mitigation:.......................................................................................................................................8
6.1 Risk Control Approaches:......................................................................................................8
6.2 Risk Mitigation Approaches:...............................................................................................10
Reference List:...............................................................................................................................11

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