CISM 2022: Managing Risk

CISM    |    Intermediate
  • 9 videos | 49m 31s
  • Includes Assessment
  • Earns a Badge
Rating 4.7 of 10 users Rating 4.7 of 10 users (10)
Residual risk remains after security controls are put in place to mitigate the impact of threats. The organizational appetite for risk determines what level of residual risk is acceptable. In this course, you will explore how risk management improves business operations by minimizing the impact of realized threats. You will learn how to calculate the cost of mitigating risk compared to the value of the protected asset and determine the cost-benefit analysis and return on investment when implementing security controls. Next, discover the importance of risk assessments, especially where there are changes to some aspect of the business or a specific business process. You will then explore how various risk approaches, such as risk acceptance, avoidance, transfer, and reduction, apply to an organization's tolerance of residual risk. Lastly, discover how risk heat maps are an effective method for communicating various degrees of risk. This course can be used to prepare for the Certified Information Security Manager (CISM) exam.

WHAT YOU WILL LEARN

  • Discover the key concepts covered in this course
    Outline how risk management can improve business operations including minimizing residual risk
    Determine the annual loss expectancy (ale) value using an online ale calculator
    Identify the most relevant risks and record them in a risk register
    Determine when residual risk is acceptable
  • Recognize how risk avoidance fits into the corporate risk appetite
    Identify when risk should be outsourced to other parties
    Recognize that risk cannot always entirely be eliminated
    Summarize the key concepts covered in this course

IN THIS COURSE

  • 1m 25s
    In this video, we will discover the key concepts covered in this course. FREE ACCESS
  • 8m 44s
    After completing this video, you will be able to outline how risk management can improve business operations including minimizing residual risk. FREE ACCESS
  • Locked
    3.  Annual Loss Expectancy (ALE)
    6m 2s
    Upon completion of this video, you will be able to determine the annual loss expectancy (ALE) value using an online ALE calculator. FREE ACCESS
  • Locked
    4.  Risk Assessments
    6m 5s
    After completing this video, you will be able to identify the most relevant risks and record them in a risk register. FREE ACCESS
  • Locked
    5.  Risk Acceptance
    6m 47s
    Upon completion of this video, you will be able to determine when residual risk is acceptable. FREE ACCESS
  • Locked
    6.  Risk Avoidance
    6m 56s
    After completing this video, you will be able to recognize how risk avoidance fits into the corporate risk appetite. FREE ACCESS
  • Locked
    7.  Risk Transfer
    7m 50s
    Upon completion of this video, you will be able to identify when risk should be outsourced to other parties. FREE ACCESS
  • Locked
    8.  Risk Reduction
    4m 51s
    After completing this video, you will be able to recognize that risk cannot always entirely be eliminated. FREE ACCESS
  • Locked
    9.  Course Summary
    51s
    In this video, we will summarize the key concepts covered in this course. FREE ACCESS

EARN A DIGITAL BADGE WHEN YOU COMPLETE THIS COURSE

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