BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The concept of “risk management” originated within the security profession.
Detailed explanation-2: -Risk management began to be studied after World War II. Several sources (Crockford, 1982; Harrington and Niehaus, 2003; Williams and Heins, 1995) date the origin of modern risk management to 1955-1964.
Detailed explanation-3: -Security Risk Management is the ongoing process of identifying these security risks and implementing plans to address them. Risk is determined by considering the likelihood that known threats will exploit vulnerabilities and the impact they have on valuable assets.
Detailed explanation-4: -Risk Management and Risk Assessment are major components of Information Security Management (ISM). Although they are widely known, a wide range of definitions of Risk Management and Risk Assessment are found in the relevant literature [ISO13335-2], [NIST], [ENISA Regulation].