itc596 - Risk faced by VIC Government - Report

Running head: IT RISK MANAGEMENT
IT risk management
(Victoria government)
Name of the student:
Name of the university:
Author Note

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IT RISK MANAGEMENT Executive summary
The report has utilized diagram and theoretical explanations about the areas of risk faced by VIC
government. It has performed the comparative analysis on accidental and deliberate threats and the
challenges faced by VIC government to implement the risk management. It has also compared the
ideas of risk and uncertainty and lastly discussed with examples the process to control and mitigate
risks.

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IT RISK MANAGEMENT Table of Contents
Introduction:..........................................................................................................................................3
1. Diagram illustrating the current security risks and concerns considered by VIC government:........4
2. Explanation of the diagram:...............................................................................................................4
3. Comparative analysis of the Deliberate and Accidental Threats:......................................................6
4. Challenges that VIC government might face:...................................................................................7
5. Difference between the ‘’Risk’’ and ‘’Uncertainty’’:......................................................................8
6. Discussion and evaluation of different approaches available for risk control and mitigation:.......11
Conclusion:..........................................................................................................................................12
References:..........................................................................................................................................14

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IT RISK MANAGEMENT
Introduction:
The VPDSF or the “Victorian Protective Data Security Framework” has been the overall
scheme to manage the protective risks of data security at the public sector of Victoria. The
framework has been encouraging the cultural transformation in the sector through the promotion of
protective security of data as the part of daily business ("CPDP - Home", 2017).
The following report used diagram and theoretical explanations about the areas of risk. It has
covered the comparative analysis on accidental and deliberate threats and the challenges faced by
VIC or Victoria government to implement the risk management. Further, it has compared the ideas
of risk and uncertainty and lastly discussed with examples the process to control and mitigate risks.