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| cyber risk management definition: Cybersecurity Risk Management Kok-Boon Oh, Chien-Ta Bruce Ho, Bret Slade, 2022 The motivation for writing this book is to share our knowledge, analyses, and conclusions about cybersecurity in particular and risk management in general to raise awareness among businesses, academics, and the general public about the cyber landscape changes and challenges that are occurring with emerging threats that will affect individual and corporate information security. As a result, we believe that all stakeholders should adopt a unified, coordinated, and organized approach to addressing corporate cybersecurity challenges based on a shared paradigm. There are two levels at which this book can be read. For starters, it can be read by regular individuals with little or no risk management experience. Because of the book's non-technical style, it is appropriate for this readership. The intellectual information may appear daunting at times, but we hope the reader will not be disheartened. One of the book's most notable features is that it is organized in a logical order that guides the reader through the enterprise risk management process, beginning with an introduction to risk management fundamentals and concluding with the strategic considerations that must be made to successfully implement a cyber risk management framework. Another group of readers targeted by this book is practitioners, students, academics, and regulators. We do not anticipate that everyone in this group will agree with the book's content and views. However, we hope that the knowledge and material provided will serve as a basis for them to expand on in their work or endeavors. The book comprises ten chapters. Chapter 1 is a general introduction to the theoretical concepts of risk and constructs of enterprise risk management. Chapter 2 presents the corporate risk landscape and cyber risk in terms of the characteristics and challenges of cyber threats vis-à-vis the emerging risks thereof from the perspective of a business organization. Chapter 3 presents the idea of enterprise risk management and explains the structure and functions of enterprise risk management as they relate to cybersecurity. Chapter 4 provides the cybersecurity risk management standards, which may be used to build a cybersecurity risk management framework that is based on best practices. The cyber operational risk management process begins in Chapter 5 with the introduction of the risk identification function. Chapter 6 continues with the next step of this process by presenting the risk assessment procedures for evaluating and prioritizing cyber risks. Chapter 7 explains the activities in the third step in the ORM process of risk mitigation and provides examples of the tools and techniques for addressing risk exposures. Chapter 8 presents a critical function from an operational perspective for its role in detecting risk and continual improvement of the organization's cybersecurity processes through the reporting function. Chapter 9 discusses the crisis management steps that businesses must take to respond to and recover from a cyber incident. Chapter 10 emphasizes the essential ERM components that senior management should be aware of and cultivate to create an effective cyber risk control framework by focusing on the strategic aspects of cybersecurity risk management from a business viewpoint. This chapter proposes a cybersecurity ERM framework based on the content given in this book. |
| cyber risk management definition: Enterprise Security Risk Management Brian Allen, Esq., CISSP, CISM, CPP, CFE, Rachelle Loyear CISM, MBCP, 2017-11-29 As a security professional, have you found that you and others in your company do not always define “security” the same way? Perhaps security interests and business interests have become misaligned. Brian Allen and Rachelle Loyear offer a new approach: Enterprise Security Risk Management (ESRM). By viewing security through a risk management lens, ESRM can help make you and your security program successful. In their long-awaited book, based on years of practical experience and research, Brian Allen and Rachelle Loyear show you step-by-step how Enterprise Security Risk Management (ESRM) applies fundamental risk principles to manage all security risks. Whether the risks are informational, cyber, physical security, asset management, or business continuity, all are included in the holistic, all-encompassing ESRM approach which will move you from task-based to risk-based security. How is ESRM familiar? As a security professional, you may already practice some of the components of ESRM. Many of the concepts – such as risk identification, risk transfer and acceptance, crisis management, and incident response – will be well known to you. How is ESRM new? While many of the principles are familiar, the authors have identified few organizations that apply them in the comprehensive, holistic way that ESRM represents – and even fewer that communicate these principles effectively to key decision-makers. How is ESRM practical? ESRM offers you a straightforward, realistic, actionable approach to deal effectively with all the distinct types of security risks facing you as a security practitioner. ESRM is performed in a life cycle of risk management including: Asset assessment and prioritization. Risk assessment and prioritization. Risk treatment (mitigation). Continuous improvement. Throughout Enterprise Security Risk Management: Concepts and Applications, the authors give you the tools and materials that will help you advance you in the security field, no matter if you are a student, a newcomer, or a seasoned professional. Included are realistic case studies, questions to help you assess your own security program, thought-provoking discussion questions, useful figures and tables, and references for your further reading. By redefining how everyone thinks about the role of security in the enterprise, your security organization can focus on working in partnership with business leaders and other key stakeholders to identify and mitigate security risks. As you begin to use ESRM, following the instructions in this book, you will experience greater personal and professional satisfaction as a security professional – and you’ll become a recognized and trusted partner in the business-critical effort of protecting your enterprise and all its assets. |
| cyber risk management definition: Cyber-Risk Management Atle Refsdal, Bjørnar Solhaug, Ketil Stølen, 2015-10-01 This book provides a brief and general introduction to cybersecurity and cyber-risk assessment. Not limited to a specific approach or technique, its focus is highly pragmatic and is based on established international standards (including ISO 31000) as well as industrial best practices. It explains how cyber-risk assessment should be conducted, which techniques should be used when, what the typical challenges and problems are, and how they should be addressed. The content is divided into three parts. First, part I provides a conceptual introduction to the topic of risk management in general and to cybersecurity and cyber-risk management in particular. Next, part II presents the main stages of cyber-risk assessment from context establishment to risk treatment and acceptance, each illustrated by a running example. Finally, part III details four important challenges and how to reasonably deal with them in practice: risk measurement, risk scales, uncertainty, and low-frequency risks with high consequence. The target audience is mainly practitioners and students who are interested in the fundamentals and basic principles and techniques of security risk assessment, as well as lecturers seeking teaching material. The book provides an overview of the cyber-risk assessment process, the tasks involved, and how to complete them in practice. |
| cyber risk management definition: Security Risk Management Evan Wheeler, 2011-04-20 Security Risk Management is the definitive guide for building or running an information security risk management program. This book teaches practical techniques that will be used on a daily basis, while also explaining the fundamentals so students understand the rationale behind these practices. It explains how to perform risk assessments for new IT projects, how to efficiently manage daily risk activities, and how to qualify the current risk level for presentation to executive level management. While other books focus entirely on risk analysis methods, this is the first comprehensive text for managing security risks. This book will help you to break free from the so-called best practices argument by articulating risk exposures in business terms. It includes case studies to provide hands-on experience using risk assessment tools to calculate the costs and benefits of any security investment. It explores each phase of the risk management lifecycle, focusing on policies and assessment processes that should be used to properly assess and mitigate risk. It also presents a roadmap for designing and implementing a security risk management program. This book will be a valuable resource for CISOs, security managers, IT managers, security consultants, IT auditors, security analysts, and students enrolled in information security/assurance college programs. - Named a 2011 Best Governance and ISMS Book by InfoSec Reviews - Includes case studies to provide hands-on experience using risk assessment tools to calculate the costs and benefits of any security investment - Explores each phase of the risk management lifecycle, focusing on policies and assessment processes that should be used to properly assess and mitigate risk - Presents a roadmap for designing and implementing a security risk management program |
| cyber risk management definition: Managing Cyber Risk Ariel Evans, 2019-03-28 Cyber risk is the second highest perceived business risk according to U.S. risk managers and corporate insurance experts. Digital assets now represent over 85% of an organization’s value. In a survey of Fortune 1000 organizations, 83% surveyed described cyber risk as an organizationally complex topic, with most using only qualitative metrics that provide little, if any insight into an effective cyber strategy. Written by one of the foremost cyber risk experts in the world and with contributions from other senior professionals in the field, Managing Cyber Risk provides corporate cyber stakeholders – managers, executives, and directors – with context and tools to accomplish several strategic objectives. These include enabling managers to understand and have proper governance oversight of this crucial area and ensuring improved cyber resilience. Managing Cyber Risk helps businesses to understand cyber risk quantification in business terms that lead risk owners to determine how much cyber insurance they should buy based on the size and the scope of policy, the cyber budget required, and how to prioritize risk remediation based on reputational, operational, legal, and financial impacts. Directors are held to standards of fiduciary duty, loyalty, and care. These insights provide the ability to demonstrate that directors have appropriately discharged their duties, which often dictates the ability to successfully rebut claims made against such individuals. Cyber is a strategic business issue that requires quantitative metrics to ensure cyber resiliency. This handbook acts as a roadmap for executives to understand how to increase cyber resiliency and is unique since it quantifies exposures at the digital asset level. |
| cyber risk management definition: OECD SME and Entrepreneurship Outlook 2019 OECD, 2019-05-20 The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs. This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. |
| cyber risk management definition: COBIT 5 for Risk ISACA, 2013-09-25 Information is a key resource for all enterprises. From the time information is created to the moment it is destroyed, technology plays a significant role in containing, distributing and analysing information. Technology is increasingly advanced and has become pervasive in enterprises and the social, public and business environments. |
| cyber risk management definition: Countering Cyber Sabotage Andrew A. Bochman, Sarah Freeman, 2021-01-20 Countering Cyber Sabotage: Introducing Consequence-Driven, Cyber-Informed Engineering (CCE) introduces a new methodology to help critical infrastructure owners, operators and their security practitioners make demonstrable improvements in securing their most important functions and processes. Current best practice approaches to cyber defense struggle to stop targeted attackers from creating potentially catastrophic results. From a national security perspective, it is not just the damage to the military, the economy, or essential critical infrastructure companies that is a concern. It is the cumulative, downstream effects from potential regional blackouts, military mission kills, transportation stoppages, water delivery or treatment issues, and so on. CCE is a validation that engineering first principles can be applied to the most important cybersecurity challenges and in so doing, protect organizations in ways current approaches do not. The most pressing threat is cyber-enabled sabotage, and CCE begins with the assumption that well-resourced, adaptive adversaries are already in and have been for some time, undetected and perhaps undetectable. Chapter 1 recaps the current and near-future states of digital technologies in critical infrastructure and the implications of our near-total dependence on them. Chapters 2 and 3 describe the origins of the methodology and set the stage for the more in-depth examination that follows. Chapter 4 describes how to prepare for an engagement, and chapters 5-8 address each of the four phases. The CCE phase chapters take the reader on a more granular walkthrough of the methodology with examples from the field, phase objectives, and the steps to take in each phase. Concluding chapter 9 covers training options and looks towards a future where these concepts are scaled more broadly. |
| cyber risk management definition: Cybersecurity for Connected Medical Devices Arnab Ray, 2021-11-09 The cybersecurity of connected medical devices is one of the biggest challenges facing healthcare today. The compromise of a medical device can result in severe consequences for both patient health and patient data. Cybersecurity for Connected Medical Devices covers all aspects of medical device cybersecurity, with a focus on cybersecurity capability development and maintenance, system and software threat modeling, secure design of medical devices, vulnerability management, and integrating cybersecurity design aspects into a medical device manufacturer's Quality Management Systems (QMS). This book is geared towards engineers interested in the medical device cybersecurity space, regulatory, quality, and human resources specialists, and organizational leaders interested in building a medical device cybersecurity program. Lays out clear guidelines for how to build a medical device cybersecurity program through the development of capabilities Discusses different regulatory requirements of cybersecurity and how to incorporate them into a Quality Management System Provides a candidate method for system and software threat modelling Provides an overview of cybersecurity risk management for medical devices Presents technical cybersecurity controls for secure design of medical devices Provides an overview of cybersecurity verification and validation for medical devices Presents an approach to logically structure cybersecurity regulatory submissions |
| cyber risk management definition: Alliance Brand Mark Darby, 2006-07-11 As pressure continues to build on organisations to achieve more with less, partnering offers tremendous promise as a strategic solution. However, up to 70% of such initiatives fail to meet their objectives. In this book, alliance expert Mark Darby argues that, in the age of the extended enterprise, firms must display a positive reputation and hard results from their alliances in order to attract the best partners and stand out from the growing crowd of potential allies. Building on this, he introduces the Alliance Brand concept, explores its critical success factors, and shows in detail how to apply it in your organisation. Darby's straightforward advice and comprehensive maps and tools will guide you on the journey to fulfilling the promise of partnering. The results are higher revenues and reduced alliance failure rates, along with lower costs and fewer risks. Alliance brands also have more satisfied staff and partners, and a transparent, audit-friendly process to satisfy increasing governance concerns. This leads to sustainable alliance success, and ultimately 'partner of choice' status in your chosen industries and markets. That's a compelling return on investment. That's an Alliance Brand. |
| cyber risk management definition: How to Measure Anything in Cybersecurity Risk Douglas W. Hubbard, Richard Seiersen, 2016-07-25 A ground shaking exposé on the failure of popular cyber risk management methods How to Measure Anything in Cybersecurity Risk exposes the shortcomings of current risk management practices, and offers a series of improvement techniques that help you fill the holes and ramp up security. In his bestselling book How to Measure Anything, author Douglas W. Hubbard opened the business world's eyes to the critical need for better measurement. This book expands upon that premise and draws from The Failure of Risk Management to sound the alarm in the cybersecurity realm. Some of the field's premier risk management approaches actually create more risk than they mitigate, and questionable methods have been duplicated across industries and embedded in the products accepted as gospel. This book sheds light on these blatant risks, and provides alternate techniques that can help improve your current situation. You'll also learn which approaches are too risky to save, and are actually more damaging than a total lack of any security. Dangerous risk management methods abound; there is no industry more critically in need of solutions than cybersecurity. This book provides solutions where they exist, and advises when to change tracks entirely. Discover the shortcomings of cybersecurity's best practices Learn which risk management approaches actually create risk Improve your current practices with practical alterations Learn which methods are beyond saving, and worse than doing nothing Insightful and enlightening, this book will inspire a closer examination of your company's own risk management practices in the context of cybersecurity. The end goal is airtight data protection, so finding cracks in the vault is a positive thing—as long as you get there before the bad guys do. How to Measure Anything in Cybersecurity Risk is your guide to more robust protection through better quantitative processes, approaches, and techniques. |
| cyber risk management definition: Rational Cybersecurity for Business Dan Blum, 2020-06-27 Use the guidance in this comprehensive field guide to gain the support of your top executives for aligning a rational cybersecurity plan with your business. You will learn how to improve working relationships with stakeholders in complex digital businesses, IT, and development environments. You will know how to prioritize your security program, and motivate and retain your team. Misalignment between security and your business can start at the top at the C-suite or happen at the line of business, IT, development, or user level. It has a corrosive effect on any security project it touches. But it does not have to be like this. Author Dan Blum presents valuable lessons learned from interviews with over 70 security and business leaders. You will discover how to successfully solve issues related to: risk management, operational security, privacy protection, hybrid cloud management, security culture and user awareness, and communication challenges. This book presents six priority areas to focus on to maximize the effectiveness of your cybersecurity program: risk management, control baseline, security culture, IT rationalization, access control, and cyber-resilience. Common challenges and good practices are provided for businesses of different types and sizes. And more than 50 specific keys to alignment are included. What You Will Learn Improve your security culture: clarify security-related roles, communicate effectively to businesspeople, and hire, motivate, or retain outstanding security staff by creating a sense of efficacy Develop a consistent accountability model, information risk taxonomy, and risk management framework Adopt a security and risk governance model consistent with your business structure or culture, manage policy, and optimize security budgeting within the larger business unit and CIO organization IT spend Tailor a control baseline to your organization’s maturity level, regulatory requirements, scale, circumstances, and critical assets Help CIOs, Chief Digital Officers, and other executives to develop an IT strategy for curating cloud solutions and reducing shadow IT, building up DevSecOps and Disciplined Agile, and more Balance access control and accountability approaches, leverage modern digital identity standards to improve digital relationships, and provide data governance and privacy-enhancing capabilities Plan for cyber-resilience: work with the SOC, IT, business groups, and external sources to coordinate incident response and to recover from outages and come back stronger Integrate your learnings from this book into a quick-hitting rational cybersecurity success plan Who This Book Is For Chief Information Security Officers (CISOs) and other heads of security, security directors and managers, security architects and project leads, and other team members providing security leadership to your business |
| cyber risk management definition: Stop The Cyber Bleeding Bob Chaput, 2020-10-07 Protect patients from harm and defend your healthcare organization with a robust enterprise cyber risk management program. Cyber threats are ever increasing, particularly in the healthcare sector. Risks to patient safety are rising at an exponential rate, yet most healthcare organizations are underprepared to deal with these threats. Safeguarding today's patients and your organization is not just an IT problem. It's time to stop the cyber bleeding with this definitive guide to enterprise cyber risk management. Bob Chaput, a leading authority on cybersecurity and enterprise risk management, brings an essential resource for healthcare leaders and board members. Equipping leaders with the knowledge and tools to establish a robust enterprise cyber risk management (ECRM) program, this book gives valuable insight into protecting patient data, complying with regulations, and enhancing your organization's reputation and finances. Focusing on optimizing five core capabilities-sound governance, skilled people, standardized processes, enabling technology, and organization-wide engagement, this book is your guide to building a cyber risk-aware culture and protecting your organization from costly and devastating cyberattacks. In this easy-to-digest guide, learn how to: Establish, implement, and mature your organization's ECRM program as part of your overall business strategy. Understand the unique roles, responsibilities, and information needs of every executive and board member for effective ECRM oversight. Conduct thorough cyber risk assessments using the NIST risk-assessment process to identify and prioritize risks, ensuring effective resource allocation. Align cybersecurity initiatives with business goals to enhance patient safety, regulatory compliance, and organizational reputation. Implement 6 initial actions to establish or improve your ECRM program, making the process manageable and actionable. Stop the Cyber Bleeding cuts through the jargon to bring timely and practical cyber risk management into clear focus. This pragmatic road map for governing and maturing an ECRM program in today's cyber risk environment gives healthcare leaders an edge to leverage security as a competitive advantage and to enhance patient trust. Stop the Cyber Bleeding will lead your organization toward a secure and resilient future. |
| cyber risk management definition: Assessing and Managing Security Risk in IT Systems John McCumber, 2004-08-12 Assessing and Managing Security Risk in IT Systems: A Structured Methodology builds upon the original McCumber Cube model to offer proven processes that do not change, even as technology evolves. This book enables you to assess the security attributes of any information system and implement vastly improved security environments. Part I deliv |
| cyber risk management definition: The Risk IT Practitioner Guide Isaca, 2009 |
| cyber risk management definition: Information Security Management Bel G. Raggad, 2010-01-29 Information security cannot be effectively managed unless secure methods and standards are integrated into all phases of the information security life cycle. And, although the international community has been aggressively engaged in developing security standards for network and information security worldwide, there are few textbooks available that |
| cyber risk management definition: Cyber Risk Management Christopher J Hodson, 2019-06-03 Most organizations are undergoing a digital transformation of some sort and are looking to embrace innovative technology, but new ways of doing business inevitably lead to new threats which can cause irreparable financial, operational and reputational damage. In an increasingly punitive regulatory climate, organizations are also under pressure to be more accountable and compliant. Cyber Risk Management clearly explains the importance of implementing a cyber security strategy and provides practical guidance for those responsible for managing threat events, vulnerabilities and controls, including malware, data leakage, insider threat and Denial-of-Service. Examples and use cases including Yahoo, Facebook and TalkTalk, add context throughout and emphasize the importance of communicating security and risk effectively, while implementation review checklists bring together key points at the end of each chapter. Cyber Risk Management analyzes the innate human factors around risk and how they affect cyber awareness and employee training, along with the need to assess the risks posed by third parties. Including an introduction to threat modelling, this book presents a data-centric approach to cyber risk management based on business impact assessments, data classification, data flow modelling and assessing return on investment. It covers pressing developments in artificial intelligence, machine learning, big data and cloud mobility, and includes advice on responding to risks which are applicable for the environment and not just based on media sensationalism. |
| cyber risk management definition: Effective Model-Based Systems Engineering John M. Borky, Thomas H. Bradley, 2018-09-08 This textbook presents a proven, mature Model-Based Systems Engineering (MBSE) methodology that has delivered success in a wide range of system and enterprise programs. The authors introduce MBSE as the state of the practice in the vital Systems Engineering discipline that manages complexity and integrates technologies and design approaches to achieve effective, affordable, and balanced system solutions to the needs of a customer organization and its personnel. The book begins with a summary of the background and nature of MBSE. It summarizes the theory behind Object-Oriented Design applied to complex system architectures. It then walks through the phases of the MBSE methodology, using system examples to illustrate key points. Subsequent chapters broaden the application of MBSE in Service-Oriented Architectures (SOA), real-time systems, cybersecurity, networked enterprises, system simulations, and prototyping. The vital subject of system and architecture governance completes the discussion. The book features exercises at the end of each chapter intended to help readers/students focus on key points, as well as extensive appendices that furnish additional detail in particular areas. The self-contained text is ideal for students in a range of courses in systems architecture and MBSE as well as for practitioners seeking a highly practical presentation of MBSE principles and techniques. |
| cyber risk management definition: Enhancing the Role of Insurance in Cyber Risk Management Organization for Economic Cooperation and Development, 2017 The digital transformation of economic activities is creating significant opportunities for innovation, convenience and efficiency. However, recent major incidents have highlighted the digital security and privacy protection risks that come with an increased reliance on digital technologies. While not a substitute for investing in cyber security and risk management, insurance coverage for cyber risk can make a significant contribution to the management of cyber risk by promoting awareness about exposure to cyber losses, sharing expertise on risk management, encouraging investment in risk reduction and facilitating the response to cyber incidents. This report provides an overview of the financial impact of cyber incidents, the coverage of cyber risk available in the insurance market, the challenges to market development and initiatives to address those challenges. It includes a number of policy recommendations which support the development of the cyber insurance market and contribute to improving the management of cyber risk. |
| cyber risk management definition: Managing Information Security Risks Christopher J. Alberts, Audrey J. Dorofee, 2003 Describing OCTAVE (Operationally Critical Threat, Asset and Vulnerability Evaluation), a method of evaluating information security risk, this text should be of interest to risk managers. |
| cyber risk management definition: Cyber Risk for the Financial Sector: A Framework for Quantitative Assessment Antoine Bouveret, 2018-06-22 Cyber risk has emerged as a key threat to financial stability, following recent attacks on financial institutions. This paper presents a novel documentation of cyber risk around the world for financial institutions by analyzing the different types of cyber incidents (data breaches, fraud and business disruption) and identifying patterns using a variety of datasets. The other novel contribution that is outlined is a quantitative framework to assess cyber risk for the financial sector. The framework draws on a standard VaR type framework used to assess various types of stability risk and can be easily applied at the individual country level. The framework is applied in this paper to the available cross-country data and yields illustrative aggregated losses for the financial sector in the sample across a variety of scenarios ranging from 10 to 30 percent of net income. |
| cyber risk management definition: Security Science Clifton Smith, David J Brooks, 2012-12-31 Security Science integrates the multi-disciplined practice areas of security into a single structured body of knowledge, where each chapter takes an evidence-based approach to one of the core knowledge categories. The authors give practitioners and students the underlying scientific perspective based on robust underlying theories, principles, models or frameworks. Demonstrating the relationships and underlying concepts, they present an approach to each core security function within the context of both organizational security and homeland security. The book is unique in its application of the scientific method to the increasingly challenging tasks of preventing crime and foiling terrorist attacks. Incorporating the latest security theories and principles, it considers security from both a national and corporate perspective, applied at a strategic and tactical level. It provides a rational basis for complex decisions and begins the process of defining the emerging discipline of security science. - A fresh and provocative approach to the key facets of security - Presentation of theories and models for a reasoned approach to decision making - Strategic and tactical support for corporate leaders handling security challenges - Methodologies for protecting national assets in government and private sectors - Exploration of security's emerging body of knowledge across domains |
| cyber risk management definition: Measuring and Managing Information Risk Jack Freund, Jack Jones, 2014-08-23 Using the factor analysis of information risk (FAIR) methodology developed over ten years and adopted by corporations worldwide, Measuring and Managing Information Risk provides a proven and credible framework for understanding, measuring, and analyzing information risk of any size or complexity. Intended for organizations that need to either build a risk management program from the ground up or strengthen an existing one, this book provides a unique and fresh perspective on how to do a basic quantitative risk analysis. Covering such key areas as risk theory, risk calculation, scenario modeling, and communicating risk within the organization, Measuring and Managing Information Risk helps managers make better business decisions by understanding their organizational risk. - Uses factor analysis of information risk (FAIR) as a methodology for measuring and managing risk in any organization. - Carefully balances theory with practical applicability and relevant stories of successful implementation. - Includes examples from a wide variety of businesses and situations presented in an accessible writing style. |
| cyber risk management definition: Computers at Risk National Research Council, Division on Engineering and Physical Sciences, Computer Science and Telecommunications Board, Commission on Physical Sciences, Mathematics, and Applications, System Security Study Committee, 1990-02-01 Computers at Risk presents a comprehensive agenda for developing nationwide policies and practices for computer security. Specific recommendations are provided for industry and for government agencies engaged in computer security activities. The volume also outlines problems and opportunities in computer security research, recommends ways to improve the research infrastructure, and suggests topics for investigators. The book explores the diversity of the field, the need to engineer countermeasures based on speculation of what experts think computer attackers may do next, why the technology community has failed to respond to the need for enhanced security systems, how innovators could be encouraged to bring more options to the marketplace, and balancing the importance of security against the right of privacy. |
| cyber risk management definition: Cyber Security and Threats: Concepts, Methodologies, Tools, and Applications Management Association, Information Resources, 2018-05-04 Cyber security has become a topic of concern over the past decade as private industry, public administration, commerce, and communication have gained a greater online presence. As many individual and organizational activities continue to evolve in the digital sphere, new vulnerabilities arise. Cyber Security and Threats: Concepts, Methodologies, Tools, and Applications contains a compendium of the latest academic material on new methodologies and applications in the areas of digital security and threats. Including innovative studies on cloud security, online threat protection, and cryptography, this multi-volume book is an ideal source for IT specialists, administrators, researchers, and students interested in uncovering new ways to thwart cyber breaches and protect sensitive digital information. |
| cyber risk management definition: Risk Management and Assessment Jorge Rocha, Sandra Oliveira, César Capinha, 2020-10-14 Risk analysis, risk evaluation and risk management are the three core areas in the process known as 'Risk Assessment'. Risk assessment corresponds to the joint effort of identifying and analysing potential future events, and evaluating the acceptability of risk based on the risk analysis, while considering influencing factors. In short, risk assessment analyses what can go wrong, how likely it is to happen and, if it happens, what are the potential consequences. Since risk is a multi-disciplinary domain, this book gathers contributions covering a wide spectrum of topics with regard to their theoretical background and field of application. The work is organized in the three core areas of risk assessment. |
| cyber risk management definition: Building a Cyber Risk Management Program Brian Allen, Brandon Bapst, Terry Allan Hicks, 2023-12-04 Cyber risk management is one of the most urgent issues facing enterprises today. This book presents a detailed framework for designing, developing, and implementing a cyber risk management program that addresses your company's specific needs. Ideal for corporate directors, senior executives, security risk practitioners, and auditors at many levels, this guide offers both the strategic insight and tactical guidance you're looking for. You'll learn how to define and establish a sustainable, defendable, cyber risk management program, and the benefits associated with proper implementation. Cyber risk management experts Brian Allen and Brandon Bapst, working with writer Terry Allan Hicks, also provide advice that goes beyond risk management. You'll discover ways to address your company's oversight obligations as defined by international standards, case law, regulation, and board-level guidance. This book helps you: Understand the transformational changes digitalization is introducing, and new cyber risks that come with it Learn the key legal and regulatory drivers that make cyber risk management a mission-critical priority for enterprises Gain a complete understanding of four components that make up a formal cyber risk management program Implement or provide guidance for a cyber risk management program within your enterprise |
| cyber risk management definition: The Fourth Industrial Revolution Klaus Schwab, 2017-01-03 World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress. |
| cyber risk management definition: Digital Finance, Bits and Bytes Vasant Chintaman Joshi, 2020-04-30 The book encompasses the broad field of e-Finance and its transformation. After reviewing the developments in the economic and the technology fields, it examines how the insurance, banking, and securities trading firms are bringing about the digital revolution and adapting in the same breath to the changed socio-economic environment. Add to it, the “Rogue Elements”, the field of cyber crimes is covered on a priority basis. The book also covers the inevitable changes in fields of HR and Marketing and the crucial role of the regulators. Looked at through the eyes of Corporate Planner, the book does provide a road map for the financial institutions (FIs). |
| cyber risk management definition: Information Security and IT Risk Management Manish Agrawal, Alex Campoe, Eric Pierce, 2014-04-21 This new text provides students the knowledge and skills they will need to compete for and succeed in the information security roles they will encounter straight out of college. This is accomplished by providing a hands-on immersion in essential system administration, service and application installation and configuration, security tool use, TIG implementation and reporting. It is designed for an introductory course on IS Security offered usually as an elective in IS departments in 2 and 4 year schools. It is not designed for security certification courses. |
| cyber risk management definition: The Risk IT Framework Isaca, 2009 |
| cyber risk management definition: The Failure of Risk Management Douglas W. Hubbard, 2009-04-27 An essential guide to the calibrated risk analysis approach The Failure of Risk Management takes a close look at misused and misapplied basic analysis methods and shows how some of the most popular risk management methods are no better than astrology! Using examples from the 2008 credit crisis, natural disasters, outsourcing to China, engineering disasters, and more, Hubbard reveals critical flaws in risk management methods–and shows how all of these problems can be fixed. The solutions involve combinations of scientifically proven and frequently used methods from nuclear power, exploratory oil, and other areas of business and government. Finally, Hubbard explains how new forms of collaboration across all industries and government can improve risk management in every field. Douglas W. Hubbard (Glen Ellyn, IL) is the inventor of Applied Information Economics (AIE) and the author of Wiley's How to Measure Anything: Finding the Value of Intangibles in Business (978-0-470-11012-6), the #1 bestseller in business math on Amazon. He has applied innovative risk assessment and risk management methods in government and corporations since 1994. Doug Hubbard, a recognized expert among experts in the field of risk management, covers the entire spectrum of risk management in this invaluable guide. There are specific value-added take aways in each chapter that are sure to enrich all readers including IT, business management, students, and academics alike —Peter Julian, former chief-information officer of the New York Metro Transit Authority. President of Alliance Group consulting In his trademark style, Doug asks the tough questions on risk management. A must-read not only for analysts, but also for the executive who is making critical business decisions. —Jim Franklin, VP Enterprise Performance Management and General Manager, Crystal Ball Global Business Unit, Oracle Corporation. |
| cyber risk management definition: Network Security Assessment Chris R. McNab, Chris McNab, 2004 Covers offensive technologies by grouping and analyzing them at a higher level--from both an offensive and defensive standpoint--helping you design and deploy networks that are immune to offensive exploits, tools, and scripts. Chapters focus on the components of your network, the different services yourun, and how they can be attacked. Each chapter concludes with advice to network defenders on how to beat the attacks. |
| cyber risk management definition: Risk Management for Enterprises and Individuals Baranoff, Patrick L. Brockett, Yehuda Kahane, 2009 |
| cyber risk management definition: Cybersecurity Risk Management Cynthia Brumfield, 2021-12-09 Cybersecurity Risk Management In Cybersecurity Risk Management: Mastering the Fundamentals Using the NIST Cybersecurity Framework, veteran technology analyst Cynthia Brumfield, with contributions from cybersecurity expert Brian Haugli, delivers a straightforward and up-to-date exploration of the fundamentals of cybersecurity risk planning and management. The book offers readers easy-to-understand overviews of cybersecurity risk management principles, user, and network infrastructure planning, as well as the tools and techniques for detecting cyberattacks. The book also provides a roadmap to the development of a continuity of operations plan in the event of a cyberattack. With incisive insights into the Framework for Improving Cybersecurity of Critical Infrastructure produced by the United States National Institute of Standards and Technology (NIST), Cybersecurity Risk Management presents the gold standard in practical guidance for the implementation of risk management best practices. Filled with clear and easy-to-follow advice, this book also offers readers: A concise introduction to the principles of cybersecurity risk management and the steps necessary to manage digital risk to systems, assets, data, and capabilities A valuable exploration of modern tools that can improve an organization’s network infrastructure protection A practical discussion of the challenges involved in detecting and responding to a cyberattack and the importance of continuous security monitoring A helpful examination of the recovery from cybersecurity incidents Perfect for undergraduate and graduate students studying cybersecurity, Cybersecurity Risk Management is also an ideal resource for IT professionals working in private sector and government organizations worldwide who are considering implementing, or who may be required to implement, the NIST Framework at their organization. |
| cyber risk management definition: Cybersecurity Risk Management , 2024-10-26 Designed for professionals, students, and enthusiasts alike, our comprehensive books empower you to stay ahead in a rapidly evolving digital world. * Expert Insights: Our books provide deep, actionable insights that bridge the gap between theory and practical application. * Up-to-Date Content: Stay current with the latest advancements, trends, and best practices in IT, Al, Cybersecurity, Business, Economics and Science. Each guide is regularly updated to reflect the newest developments and challenges. * Comprehensive Coverage: Whether you're a beginner or an advanced learner, Cybellium books cover a wide range of topics, from foundational principles to specialized knowledge, tailored to your level of expertise. Become part of a global network of learners and professionals who trust Cybellium to guide their educational journey. www.cybellium.com |
| cyber risk management definition: Official (ISC)2 Guide to the CISSP CBK Adam Gordon, 2015-04-08 As a result of a rigorous, methodical process that (ISC) follows to routinely update its credential exams, it has announced that enhancements will be made to both the Certified Information Systems Security Professional (CISSP) credential, beginning April 15, 2015. (ISC) conducts this process on a regular basis to ensure that the examinations and |
| cyber risk management definition: Stepping Through Cybersecurity Risk Management Jennifer L. Bayuk, 2024-03-26 Stepping Through Cybersecurity Risk Management Authoritative resource delivering the professional practice of cybersecurity from the perspective of enterprise governance and risk management. Stepping Through Cybersecurity Risk Management covers the professional practice of cybersecurity from the perspective of enterprise governance and risk management. It describes the state of the art in cybersecurity risk identification, classification, measurement, remediation, monitoring and reporting. It includes industry standard techniques for examining cybersecurity threat actors, cybersecurity attacks in the context of cybersecurity-related events, technology controls, cybersecurity measures and metrics, cybersecurity issue tracking and analysis, and risk and control assessments. The text provides precise definitions for information relevant to cybersecurity management decisions and recommendations for collecting and consolidating that information in the service of enterprise risk management. The objective is to enable the reader to recognize, understand, and apply risk-relevant information to the analysis, evaluation, and mitigation of cybersecurity risk. A well-rounded resource, the text describes both reports and studies that improve cybersecurity decision support. Composed of 10 chapters, the author provides learning objectives, exercises and quiz questions per chapter in an appendix, with quiz answers and exercise grading criteria available to professors. Written by a highly qualified professional with significant experience in the field, Stepping Through Cybersecurity Risk Management includes information on: Threat actors and networks, attack vectors, event sources, security operations, and CISO risk evaluation criteria with respect to this activity Control process, policy, standard, procedures, automation, and guidelines, along with risk and control self assessment and compliance with regulatory standards Cybersecurity measures and metrics, and corresponding key risk indicators The role of humans in security, including the “three lines of defense” approach, auditing, and overall human risk management Risk appetite, tolerance, and categories, and analysis of alternative security approaches via reports and studies Providing comprehensive coverage on the topic of cybersecurity through the unique lens of perspective of enterprise governance and risk management, Stepping Through Cybersecurity Risk Management is an essential resource for professionals engaged in compliance with diverse business risk appetites, as well as regulatory requirements such as FFIEC, HIIPAA, and GDPR, as well as a comprehensive primer for those new to the field. A complimentary forward by Professor Gene Spafford explains why “This book will be helpful to the newcomer as well as to the hierophants in the C-suite. The newcomer can read this to understand general principles and terms. The C-suite occupants can use the material as a guide to check that their understanding encompasses all it should.” |
| cyber risk management definition: Cybersecurity Risk Management Kurt J. Engemann, Jason A. Witty, 2024-08-19 Cybersecurity refers to the set of technologies, practices, and strategies designed to protect computer systems, networks, devices, and data from unauthorized access, theft, damage, disruption, or misuse. It involves identifying and assessing potential threats and vulnerabilities, and implementing controls and countermeasures to prevent or mitigate them. Some major risks of a successful cyberattack include: data breaches, ransomware attacks, disruption of services, damage to infrastructure, espionage and sabotage. Cybersecurity Risk Management: Enhancing Leadership and Expertise explores this highly dynamic field that is situated in a fascinating juxtaposition with an extremely advanced and capable set of cyber threat adversaries, rapidly evolving technologies, global digitalization, complex international rules and regulations, geo-politics, and even warfare. A successful cyber-attack can have significant consequences for individuals, organizations, and society as a whole. With comprehensive chapters in the first part of the book covering fundamental concepts and approaches, and those in the second illustrating applications of these fundamental principles, Cybersecurity Risk Management: Enhancing Leadership and Expertise makes an important contribution to the literature in the field by proposing an appropriate basis for managing cybersecurity risk to overcome practical challenges. |
| cyber risk management definition: Information Security Risk Assessment Toolkit Mark Talabis, Jason Martin, 2012-10-26 In order to protect company's information assets such as sensitive customer records, health care records, etc., the security practitioner first needs to find out: what needs protected, what risks those assets are exposed to, what controls are in place to offset those risks, and where to focus attention for risk treatment. This is the true value and purpose of information security risk assessments. Effective risk assessments are meant to provide a defendable analysis of residual risk associated with your key assets so that risk treatment options can be explored. Information Security Risk Assessment Toolkit gives you the tools and skills to get a quick, reliable, and thorough risk assessment for key stakeholders. Based on authors' experiences of real-world assessments, reports, and presentations Focuses on implementing a process, rather than theory, that allows you to derive a quick and valuable assessment Includes a companion web site with spreadsheets you can utilize to create and maintain the risk assessment |
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