Managing Information Security Risks The Octave Approach

Alberts, C. Dorofee, A.(2003) Managing Information Security Risks: The OCTAVE Approach. New York: Addison Wesley. This work is a descriptive and yet process-oriented book on the concept of security risk assessment with a specific focus on new risk evaluation methodology, OCTAVE. The term OCTAVE is used to denote f Operationally Critical Threat, Asset, and Vulnerability Evaluation SM.It is important that organizations conduct a security risk evaluation in order for them to effectively evaluate their organizational practices as well as their installed technology base so as to make the appropriate decisions on the basis of the potential impact. Allen, J. H.; Barnum, S.; Ellison, R. J.; McGraw, G.; Mead, N. R. Software Security Engineering: A Guide for Project Managers. Boston, MA: Addison-Wesley Professional, 2008 (ISBN: 978-0321509178). In this book Allen et al discusses the risk management plans for IT managers. The book notes that there is no silver bullet for information security risks. The best practices are what should be used in handling the IT risks. Berber, M.; von Solms, R.; Overbeek, P. Formalizing Information Security Requirements. Information Management and Computer Security 9, 1 (2001): 32-37. In this paper, Berber et al discusses ways of formalizing information security requirements. They noted that risk analysis and the concentration on threats, vulnerability and assets are the most effective means of protecting all IT resources. Biskup, J. Show MoreRelatedRisk Assessment Methodologies And Risk Management Strategies888 Words   |  4 PagesRisk Assessment Methodologies Risk assessment is a key component to Risk Management strategies. If this assessment is ignored or not done correctly, vulnerabilities can be overlooked or not addressed at all leaving systems exposed. By picking an appropriate Risk Assessment Methodology, a business is able to define how the organization defines and reacts to risk making the process functional and repeatable. This report will briefly explain the process of assessing and managing risk, look at variousRead MoreOverview of Three Risk Analyses: MSRAM, OCTAVE, and CRAMM Essay1901 Words   |  8 Pagespaper discusses three risk analysis methodologies, specifically, MSRAM, OCTAVE, and CRAMM and provides a detailed description of each and how they incorporate risk into a platform for decision makers to use in their endeavors to prevent, protect, mitigate, respond, and in recovery measures as part of the risk assessment and management processes. MSRAM The MSRAM method was established through the U.S. Coast Guard to deliver a uniform and all-inclusive approach for gauging risks and allocating resourcesRead MoreSecurity Risk Management1111 Words   |  5 PagesAbstract In this paper, it’s have stress on importance of user in participate on information security risk management and its influence in the context of regulatory compliances via a multi-method study at the organizational level. Along with associated outcomes, the types of activities and security controls in which user’s participation as part of Sarbanes – Oxley compliance also understand here. Besides that, research model also been develop in this paper on the finding of the quantitative studyRead MoreThe Emergence Of Risk Based Approaches1686 Words   |  7 Pages1 Emergence of Risk-Based Approaches Risk assessment is increasingly conducted by many groups within an organization to fulfil a variety of business and regulatory requirements. Various groups within the same organization often rely on guidance from different professional organizations to provide a framework for conducting the risk assessment. As financial organizations offer disparate approaches to risk assessment, they contribute to risk information. In this context, information systems and/orRead MoreExecutive Summary : Maynesmithdouglas ( Msd )3025 Words   |  13 Pagesproduction which is very essential to capture the huge market share. MSD relies on its knowledge of drugs to maintain the lead in the market. As such numerous attempts have been made to steal this information from them by the competitors. A recent attempt involves the alleged stealing of mission critical information by two former lab technicians and attempted to smuggle them to Hong Kong. Also, MSD has also had several cases where in disgruntled employees within the company contaminated the drugs duringRead MoreImportance Of Alignment Of It Risk Management Strategy1493 Words   |  6 Pagesof IT risk management strategy to organizational goal when business and IT operate in alignment, clearly visible links identify which IT assets and operations support business operations and the value they create. This visibility transforms IT from a cost center to a driver of business value. Alignment clarifies how IT resources may be deployed to market quicker, deliver more effective service to customers, and generate new returns streams for the business. Aligning an organization’s IT risk strategyRead MoreInformation Security : It Risk Management1795 Words   |  8 Pages ITC 596 - IT Risk Management Professor: Michael Baron Table of Contents 1. Information security is Information risk management 3 2. Information Security Risk Assessment: The Qualitative Versus Quantitative 5 3. Perception of Risk 7 Reference 9 1. Information security is Information risk management Introduction The present Information Security technology seems insufficient to totally deal with all the ICT problems of the organization. As per BobRead MoreBuilding a Secure Organization11016 Words   |  45 Pagesimplements and maintains a strong security posture, it can take advantage of numerous benefits. An organization that can demonstrate an infrastructure protected by robust security mechanisms can potentially see a reduction in insurance premiums being paid. A secure organization can use its security program as a marketing tool, demonstrating to clients that it values their business so much that it takes a very aggressive stance on protecting their information. But most important, a secure organizationRead MoreInformation Security Training: An Assessment of Effectiveness1875 Words   |  8 Pagesfor information security (IS) training. Training end-users on information security related items assists in the reduction of information risks that organizations encounter in the conduct of business operations. Furthermore, the absence of end-users training in information security will inevitably subject an entity to increased vulnerabilities that can render organizational security technologies and/or measures inept (Chen, Shaw, Yang, 2006; Siponen, Mahmood, Pahnila, 2009). A security riskRead MoreThe Essentials of Project Management65719 Words   |  263 PagesClassification of changes - Authorizationarrangements -Registrationand progressing -Formal procedures for external change requests- Formal procedure for internal change requests- Design freeze- The interchangeability rule - Emergency modifications 12 Managing progress Project progressingas a closed loop control system Progress monitoring and schedule updating - When the news is bad - Corrective measures - Progress meetings - Project progress reports - Project closure 225 Select bibliography Index