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The economics of information security addresses the economic aspects of privacy and computer security. Economics of information security includes models of the strictly rational “homo economicus” as well as behavioral economics. Economics of securities addresses individual and organizational decisions and behaviors with respect to security ...
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 ...
Ideal level of investment in company computer security, given decreasing incremental returns. The Gordon–Loeb model is an economic model that analyzes the optimal level of investment in information security. The benefits of investing in cybersecurity stem from reducing the costs associated with cyber breaches. The Gordon-Loeb model provides a ...
A risk profile is a broad view of an individual’s risk tolerance. A risk profile can also refer to potential threats to an organization. However, our use … Continue reading ->The post What Is ...
Security management includes the theories, concepts, ideas, methods, procedures, and practices that are used to manage and control organizational resources in order to accomplish security goals. Policies, procedures, administration, operations, training, awareness campaigns, financial management, contracting, resource allocation, and dealing ...
Many NIST publications define risk in IT context in different publications: FISMApedia [9] term [10] provide a list. Between them: According to NIST SP 800-30: [11] Risk is a function of the likelihood of a given threat-source’s exercising a particular potential vulnerability, and the resulting impact of that adverse event on the organization.
Select a baseline set of security controls for the information system based on its security categorization. Tailor and supplement the baseline controls as needed, based on an organizational risk assessment and specific local conditions. If applicable, overlays are added in this step. [2] [9] Implement the security controls identified in the ...
Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. [1] [2] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences. [1] [3]