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IT Risk Management & Security In Victorian Government

   

Added on  2020-03-13

17 Pages3721 Words49 Views
Running Head: IT RISK MANAGEMENTIT RISK MANAGEMENTName of the StudentName of the University

1IT RISK MANAGEMENTExecutive SummaryFor the IT risk management and security in Victorian Government the Privacy and Data Protection Act provides security over the collection and data handling of the personal and professional field of information. Thus, they established a framework on protective data security for the public sector. This PDPA encourages the government for the further development and implementation of this framework collectively known as the Victorian Protective Data Security Framework (VPDSF).

2IT RISK MANAGEMENTTable of ContentsIntroduction................................................................................................................................31. Identifying the security risks and concerns in VIC government............................................42. Identifying areas of Risk Exposure........................................................................................53. Analysis of Deliberate and Accidental Threats......................................................................84. Challenges in VIC government..............................................................................................85. Difference between “Risk” and “Uncertainty”....................................................................106. Evaluating the availability of VIC government for Risk Control and Mitigation...............11Conclusion................................................................................................................................12References................................................................................................................................13

3IT RISK MANAGEMENTIntroductionThe application of applying principles of risk management in an IT organization thatprovides management for the risks and security associated with the IT field is the processcalled the IT risk management process. It is combination of culture system and processes thathas been undertaken by the organizations that identifies and coordinates management of risk.This risk management to achieve the objectives they aim and to prevent the harm shouldspread awareness and evidence that explains the need of risk management for the furtherdecision making process in the organizations (Chance& Brooks2015). The methodology ofrisk management should identify and characterize the threats, determine the general impact ofthe risk, identify the way to reduce the risks and hence prioritize the risk reduction based onthe planned strategy in IT sectors. The risks are managed in the sectors of ownership,involvement, adoption, influence and the use of IT in a larger enterprise. The several numbersof standards provides general guidance on the practice of risk management. There are muchbenefits of using intrusion detection system, firewalls and vulnerability scanner to reduce therisk and can be used by common people very easily.In this report we are going to discuss the current security risks and concerns in VIC government using a diagram. Further explaining the areas of risk exposure in the organizationand analyzing the accidental threats. Justifying the threats and ranking accordingly focusing on the importance. Explaining and analyzing the security guideline of the private and public organization. Moreover discussing about the challenges faced by the by the VIC government during risk management as well as evaluating the available approach of VIC government for risk control and mitigation with relatable examples. Hence, critically analyzing approaches for mitigating security risks and evaluating the risks management in terms of vulnerabilities targeted by hackers.

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