This is the probability that a threat will exploit a vulnerability and cause harm to an organization.
What is risk?
When risk management activities are ongoing and repeatedly reviewed to improve results, this concept is being applied.
What is continious improvement?
When the RM team decides whether analyzed risk levels are acceptable, they are performing this step.
What is risk evaluation?
A weakness in a system that an attacker can exploit is called this.
What is a vulnerability?
The five stages of the RM framework include executive support, design, implementation, monitoring and review, and this final stage.
What is continuous improvement?
In risk determination, risk is commonly calculated by multiplying likelihood by this factor.
What is impact?
Hacking, ransomware groups, and cyberattacks are examples of this.
What is a threat?
The RM framework focuses on planning, while the RM process focuses on this.
What is implementation (or doing)?
This phase of the RM process includes identifying assets, threats, and vulnerabilities.
What is risk identification?
Monitoring whether a control is still working properly over time focuses on this area.
What is effectiveness?
The risk that remains after controls have been implemented is called this.
What is residual risk?
A grid that combines threats, vulnerabilities, and assets to analyze exposure is called this worksheet.
What is a TVA worksheet?
In risk framing, this refers to the acceptable level of risk an organization is willing to take.
What is risk tolerance?
This group provides executive oversight and support for the organization’s risk management program.
What is executive governance (or the governance group)?
Combining smaller risks into broader categories to simplify analysis is called this.
What is aggregation?