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In today’s complex informational ecosystems, there are risks inherent or added to the environments which can impact the regular activities. Identifying and responding to security risks becomes of paramount importance for any type or size of organization as well as for individuals. It comes down to how to manage risks to continue running business as usual.
Risk management
Risk means the likelihood that a vulnerability in the system – it could be the information system – is leveraged by a threat to produce an impact on the system, such as damaging it.
Identifying the risks can be done by persons within your company or by security professionals in different ways. The specialists take into consideration the existing and potential system vulnerabilities and the threats acting to impact the systems. Examples of vulnerabilities: a system defect or bug, wrong configuration of data or operating systems, a procedure that is not rigorously written and allows for misconduct, etc. Examples of threats can include: insider misconduct or negligence, cyber attacker actions, natural disasters or faulty operational infrastructure, such as electricity blackout/brownout.
The security specialists can identify and manage security risks. First, they look at the whole entity and measure the likelihood that they could occur if a threat exploits a vulnerability. Second, the likelihood or the probability for a risk has to be considered in combination with the impact caused by a threat which acts on a vulnerability or weakness in your system. Likelihood is generally based on events occurred over the past year, or years in your organization or similar organizations.
Identify and respond to security risks: a case
If we look at your applications connected to the internet, the global organization OWASP Foundation generated a list of the most critical security risks to web applications. If your organization or the like in your industry experience some of the security risks mentioned in this list, you would look for antivirus software to install in your system, and update it regularly to address imminent application security threats.
Having looked in detail at identifying and responding to security risks, and the likelihood and impact on your organization, you are more confident to carry on a normal schedule without being subdued by probable threats and do not forget that the iQWeb specialists are here to help.