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Factor analysis of information risk (FAIR) is a taxonomy of the factors that contribute to risk and how they affect each other. It is primarily concerned with establishing accurate probabilities for the frequency and magnitude of data loss events. It is not a methodology for performing an enterprise (or individual) risk assessment. [1]
DREAD is part of a system for risk-assessing computer security threats that was formerly used at Microsoft. [1] It provides a mnemonic for risk rating security threats using five categories. Categories
Risk assessment, a critical component of IT risk management, is performed at specific points in time (e.g., annually or on-demand) and provides a snapshot of assessed risks. It forms the foundation for ongoing risk management, which includes analysis, planning, implementation, control, and monitoring of security measures.
Information technology risk, IT risk, IT-related risk, or cyber risk is any risk relating to information technology. [1] While information has long been appreciated as a valuable and important asset, the rise of the knowledge economy and the Digital Revolution has led to organizations becoming increasingly dependent on information, information processing and especially IT.
The goal of a security assessment (also known as a security audit, security review, or network assessment [1]), is to ensure that necessary security controls are integrated into the design and implementation of a project. A properly completed security assessment should provide documentation outlining any security gaps between a project design ...
The concept of security convergence has gained currency within the context of the Fourth Industrial Revolution, which, according to founder and Executive Chairman of the World Economic Forum (WEF) Klaus Schwab, "is characterised by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres."
The primary objective of PSA was to establish a baseline for security in the IoT sector, catering to the needs of both software and device manufacturers. Over time, PSA evolved into PSA Certified, a more structured, four-stage framework. This development aimed to provide IoT designers with a systematic approach to ensuring security.
STRIDE is a model for identifying computer security threats [1] developed by Praerit Garg and Loren Kohnfelder at Microsoft. [2] It provides a mnemonic for security threats in six categories.
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