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Assignment Risk Management: VIC Government

Added on - 01 Mar 2020

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Running Head: RISK MANAGEMENTRiskManagement: VICGovernment
2RISK MANAGEMENTTable of Contents1. Introduction......................................................................................................................................32. Security Risk and Concern in Victoria Government........................................................................33. Detailed Explanation of the Diagram...............................................................................................43.1 Explanation of the diagram........................................................................................................43.2 Risk Exposure Area........................................................................................................................54. Analysis of Deliberate and Accidental threats.................................................................................84.1 Comparison between Deliberate and Accidental Threats..........................................................84. 2 Ranking and Justification of the Threats...................................................................................95. Challenges faced by Victoria Government....................................................................................106. Difference between Risks and Uncertainty....................................................................................117. Risk Control and Mitigation...........................................................................................................128. Conclusion......................................................................................................................................13References..........................................................................................................................................14
3RISK MANAGEMENT1. IntroductionVictorian Government mainly offers various services as well as information to public basedon various services in a single place. Apart from that, the Government mainly stores differentinformation regarding events, services related to the VIC. However, the Government also stores alltypes of relevant information of events, different services present in Victoria. Apart from that, italso discussed of different facilities that mainly includes both website and application of VictorianPublic Services that mainly stored in the information system of VIC Government. It also discussedthat both data stores and information security in information system of VIC Government anddifferent policies of framework as well as security techniques mainly prepared and developed toprevent and secure all types of threats and security of information system.2. Security Risk and Concern in Victoria GovernmentFigure: Risk Management of VIC Governement(Source: Created by author)
4RISK MANAGEMENT3. Detailed Explanation of the Diagram3.1 Explanation of the diagramThe Victorian Government mainly introduced different norms and policies to protect all data as wellas information that mainly stored in the information system (McNeil, Frey & Embrechts, 2015).The Government is mainly related with all types of legal and sensitive information of public sector.It also discussed that all types of concern and risks are not contrasting than other informationsystem used in both public and private sectors. The identification and evaluation of all associatedissues and risks of VIC Government assists all employees to reduce and manage the impacts ofsystem (Kerzner, 2013). Some of the important factors that mainly pointed out in the picture arelisted below:VIC Government:Victorian Government is one the significant administrative authority thatmainly functional in Victoria, Australia. It also collects and stores all types of significant andsensitive information of different public sectors and agencies. It also employs different typesobligations detailing the data security (Kendrick, 2015). All sensitive information mainly consists ofdifferent personal information that mainly obtained from Government and other public sectors. TheGovernment also applied different types of security practices and measures as well as differentmanagement framework regarding different risks connected with information system.Internal Risks:Some of the internal risks become vital threats of information system andsensitive data becomes the source from the functional and operational area of VictorianGovernment. The internal risks that mainly related with VIC Government becomes deliberate forthe negative impact of information that stored in information warehouse. Some of the informationrisks includes Software Failure, Malicious code, Network failure, Hardware failure, Misuse ofsystem, Data losses, Data Theft, Social Engineering as well as Unauthorized access. All the internal
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