Write a paper on the concepts of risk management and popular methodologies. Discuss why risk management is or would be important both to the business objectives of most organizations within your industry and to their information security. Discuss the components of risk management and how they support management’s role as industry decision-makers. Include in the paper the pros and cons of at least two risk assessment methodologies. If risk management is already common in your industry, briefly suggest how it might be improved. If risk management is uncommon, identify general operating areas in your industry that stand to benefit the most from a risk management program.

Answer rating: 100% (QA)

Introduction Management of risk is a crucial element of a data security plan Risk management is important to effectively securing IT assets vital business processes and information to mention just a f... View the full answer