Cyber Security Risk Management

Cyber Security Risk Management helps the users take a number of IT decisions. The cyber risks critically impacts to overall IT risk modeling, assessment and mitigation.

This course helps the delegates learn about the basics of security risk management framework and its practices. It further helps the users to detect and model information security risks. It also applies qualitative as well as quantitative risk assessment methods to safeguard the interests of the users or the business. Once these concepts are understood by the users, they will be better equipped to face any threats that may arise to the security of the business from any IT system failure. It should be remembered that acquiring these skills is beneficial for any security professional.

The course aims to teach the delegates the risk management framework with both qualitative and quantitative assessment methods. Both these methods prove to be useful as they both concentrate on the information security (IS) aspect of IT risks.

The course begins by teaching first the principles of risk management and its elements i.e. risk analysis, risk assessment and risk mitigation. During this period, the delegates learn about security related threats, exposure, risk level determination, define controls and safeguards, and conduct cost-benefit analysis or business impact analysis.

Further the delegates learn about the qualitative and quantitative frameworks and how they differ from each other. The delegates will also learn how to apply these framings while assessing information security risk.

Further, the delegates will learn about the relation between information security, big data and artificial intelligence.

Course Outline

Cyber Security Risk Management pertains to the identification, analysis, and evaluation of Cyber Risks that arise due to failure of IT systems. Such failures could lead an organization’s most securely kept data to be breached. After attending this course, the delegates can understand the threats as well as have proper controls built into their systems that can help them mitigate any such threat.

Overview of Cyber Risk

• Define cyber security risk
• Types of risk
• Types of threats
• Impacts of cyber threats

Dealing with Risk

• Risk Identification
• Risk Acceptance
• Risk controls
• Risk Mitigation
• Calculating risks

Risk Management

• Introduction to Risk Management
• Cyber security standards
• Strategies for Risk Management