Risk Management and Disaster Preparedness
Added on 2020-03-02
16 Pages3606 Words77 Views
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Running head: IT RISK MANAGEMENTIT RISK MANAGEMENTName of the StudentName of the UniversityAuthor note
1IT RISK MANAGEMENT Executive summaryThe main objective of this report is to discuss the possible risks for the informationtechnology organisations. There are many risks factors which can be classified according to thenature. VIC government has made many methods and regulations so that the risks can bemanaged and overcome in proper way. It is concluded that the organisations should follow all theregulations and the rules given by the VIC government to overcome all the possible risk factors.
2IT RISK MANAGEMENT Table of ContentsIntroduction......................................................................................................................................31. Diagram of risks and risk management of VIC government.......................................................42. Explanation of the diagram and identification of different levels of risk exposure....................53. Comparison between Deliberate and Accidental Threats and ranking of threats according tothe importance.................................................................................................................................74. Explanation of the challenges of VIC government regarding the internal and external riskmanagement.....................................................................................................................................85. Difference between Risk and Uncertainty...................................................................................96. Discussion and evaluation of several methods available to the VIC government for riskmanagement.....................................................................................................................................9Conclusion.....................................................................................................................................11References......................................................................................................................................12
3IT RISK MANAGEMENT IntroductionIn information technology the number of threats and the organisational risk factors areincreasing day by day. It is seen that the organisations are facing lots of risks and threats fromboth inside and outside of the organisation (Aldunce et al., 2015). There are also various types ofrisks present in an organisation on the basis of the nature. Natural calamities like storm andearthquake can also lead to the organisation risk factors. Hacking, malware and virus are alsoreasons of the security issues. There are many differences between the risk and the uncertainty.VIC government has provided a list or guidance of regulations which can make the system moreadvanced in terms of security.In this report the risk factors are discussed in details with a diagram. The riskmanagement methods and regulations of the VIC government are also discussed in the followingdiscussions of the report.
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