Security Risks: Key Risk Terms & Concepts

IT Security    |    Beginner
  • 16 videos | 1h 52m 21s
  • Includes Assessment
  • Earns a Badge
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Familiarity with key terms and concepts associated with security risk enables security leaders to identify, evaluate, and prioritize security risks. In this course, you'll get familiar with the terminologies, activities, and concepts associated with a security risk management process. You'll start by discovering the interdependence between assets, vulnerabilities, threats, and risks. You'll then investigate how to assess risk probability, measure the impact created by it, and the difference between risk appetite and risk tolerance. Next, you'll examine the components, benefits, and stages of a risk management process. You'll also identify different methods of treating risk and the importance of implementing controls as a part of a risk-based approach. Lastly, you'll recognize the standards for risk management and the advantages of managing and assessing security risk.

WHAT YOU WILL LEARN

  • discover the key concepts covered in this course
    outline how risks are related to assets
    identify the similarities and differences between likelihood and probability assessment
    recognize the role of vulnerabilities in risks and the correlation between risk and threat
    outline risk probability, the impact generated by it, and how to measure it using a risk score
    describe risk severity and identify various risk security levels
    identify potential risks that may exist within an organization and differentiate between risk appetite and risk tolerance
    define the concept and advantages of a risk management process
  • recognize the importance of a risk management plan and identify its components
    describe the role of a risk register in managing risk and outline the elements of risks listed within it
    describe the features of different risk treatment methods
    recognize the importance of managing risk and implementing a risk-based approach
    outline the elements of the COBIT 5 framework and describe the ISO 31000 standard for risk management
    list the three key stages of a risk management process: risk identification, risk assessment, and risk management
    illustrate the importance of security risk assessment in preempting and preparing for risks, prioritizing risks, and identifying assets to be protected
    summarize the key concepts covered in this course

IN THIS COURSE

  • Playable
    1.  Course Overview
    1m 28s
    In this video, you’ll learn more about the instructor and the course. In this course, you will learn about the various key terms that are associated with risk and risk management process. These terms will help you… FREE ACCESS
  • Playable
    2.  Relationship between Security Risks and Assets
    9m 14s
    In this video, you’ll review the different concepts relating to risk. You’ll talk about risk in your general life as well as risk in relation to assets. You’ll learn any key asset of an organization is prone to risks.… FREE ACCESS
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    3.  Likelihood versus Probability
    7m 15s
    In this video, you’ll learn more about the two key terms associated with risk, likelihood and probability. You’ll learn that likelihood gives you the impact in a qualitative manner, whereas probability gives you the… FREE ACCESS
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    4.  Vulnerabilities, Threats and Risks
    12m 49s
    In this video, you’ll learn more about the correlation between risk and threat. You’ll review the fact that a risk occurs when a threat exploits the vulnerabilities. You’ll also review threats, which are incidents that… FREE ACCESS
  • Locked
    5.  Risk Probability, Impact and Risk Score
    4m 27s
    In this video, you’ll learn more about risk probability. You’ll learn that risk probability is the likelihood of a risk occurring, which will generate an impact if the risk occurs. You’ll learn to use the risk score,… FREE ACCESS
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    6.  Elements of Risk Severity
    7m 14s
    In this video, you’ll learn more about risk severity. You’ll learn risk severity simply refers to how critical a risk is. You’ll discover this is also known as the level of risk, and it determines the technical impact of… FREE ACCESS
  • Locked
    7.  Risk Appetite versus Risk Tolerance
    3m 18s
    In this video, you’ll learn more about risk appetite and risk tolerance. You’ll learn that every organization has the ability or the capability to handle risks. You’ll discover organizations can tolerate some risks,… FREE ACCESS
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    8.  Advantages of a Risk Management Process
    3m 57s
    In this video, you’ll learn more about the risk process for risk management. You’ll learn it’s critical for organizations to have a risk process in place. If they don’t have one, they won’t be able to handle risks within… FREE ACCESS
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    9.  Components of a Risk Management Plan
    8m 59s
    In this video, you’ll learn more about the risk management plan. You’ll learn it provides a structured approach for identifying, analyzing, and monitoring risks. A risk management plan provides the processes and the… FREE ACCESS
  • Locked
    10.  Risk Management Using a Risk Register
    12m 3s
    In this video, you’ll learn more about documenting risks. You’ll learn that a list of documented risks is called a risk register. The risk register is a centralized repository of risks used to assign severity levels to… FREE ACCESS
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    11.  Risk Treatment Methods
    7m 4s
    In this video, you’ll learn more about identified risks. You’ll discover that once a risk is identified, it must be treated. A risk can be treated in different ways. You’ll learn a risk can be handled by simply… FREE ACCESS
  • Locked
    12.  Importance of Risk Management
    9m 38s
    In this video, you’ll learn more about the risk management process. You’ll learn why risk management is an important business practice that helps businesses identify, evaluate, track, and mitigate the risks that might be… FREE ACCESS
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    13.  Frameworks and Standards for Risk Management
    9m 55s
    In this video, you’ll learn about frameworks that help manage risks. You’ll learn these frameworks help establish a risk management process within an organization. These frameworks include COBIT 5, which provides a risk… FREE ACCESS
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    14.  Stages in the Security Risk Management Process
    6m 26s
    In this video, you’ll learn about the different steps in a risk management process. You’ll learn there is no right or wrong number of steps, it just depends on how your risk management process is defined. You’ll discover… FREE ACCESS
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    15.  Security Risk Assessment
    6m 49s
    In this video, you’ll learn about security risk assessment. You’ll discover this is a method of identifying risks within an organization. Before you identify the risks, you’ll first have to identify the assets that must… FREE ACCESS
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    16.  Course Summary
    1m 45s
      In this video, you’ll summarize what you’ve learned in the course. You learned the key terms and concepts of risks. You learned about likelihood versus probability, security threat as a risk, risk probability and… FREE ACCESS

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