The CIO is asking you to prepare a 3–4 page report that evaluates the company’s current IT Security Risk Management Plan, linked in the Supporting Materials section.
The report should contain the following:
Scope: Evaluate the scope and comprehensiveness of the current plan.
How does the plan describe its objectives?
How does the plan balance risk and cost?
In what ways does the plan cover the business objectives end to end?
How does the plan address all stakeholders who could be impacted by a cybersecurity attack?
Risk: Determine how the current plan identifies risks.
How does the plan identify the risks, vulnerabilities, and threats that could impact mission-critical business functions and processes?
How does the plan identify industry-related risks (internal and external)?
Impact: Analyze how the identified risks might impact the organization’s assets.
How does the plan identify key assets and activities that need to be protected?
How does the plan estimate the financial impact of losses?
How does the plan address business continuity and asset replacement?
Mitigation: Evaluate the current plan’s mitigation recommendations.
How effectively does the plan translate the risk assessment into a risk mitigation plan?
How does the plan prioritize risk elements?
Legal Compliance: Assess how the plan addresses legal considerations.
Non-Compliance: Determine how the plan anticipates the implications of non-compliance.
Ethical Considerations: Assess how the plan aligns with current ethical codes within the cybersecurity field.
