CISM 2022: Managing Risk
CISM
| Intermediate
- 9 videos | 49m 31s
- Includes Assessment
- Earns a Badge
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
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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
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1m 25sIn this video, we will discover the key concepts covered in this course. FREE ACCESS
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8m 44sAfter completing this video, you will be able to outline how risk management can improve business operations including minimizing residual risk. FREE ACCESS
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3. Annual Loss Expectancy (ALE)6m 2sUpon completion of this video, you will be able to determine the annual loss expectancy (ALE) value using an online ALE calculator. FREE ACCESS
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4. Risk Assessments6m 5sAfter completing this video, you will be able to identify the most relevant risks and record them in a risk register. FREE ACCESS
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5. Risk Acceptance6m 47sUpon completion of this video, you will be able to determine when residual risk is acceptable. FREE ACCESS
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6. Risk Avoidance6m 56sAfter completing this video, you will be able to recognize how risk avoidance fits into the corporate risk appetite. FREE ACCESS
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7. Risk Transfer7m 50sUpon completion of this video, you will be able to identify when risk should be outsourced to other parties. FREE ACCESS
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8. Risk Reduction4m 51sAfter completing this video, you will be able to recognize that risk cannot always entirely be eliminated. FREE ACCESS
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9. Course Summary51sIn 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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