The process of identifying, analyzing and prioritizing threats to organizational assets.
30
New cards
Asset
Anything valuable to an organization, including money, data, systems and reputation.
31
New cards
Threat
A potential danger that could exploit a vulnerability to harm an asset.
32
New cards
Vulnerability
A weakness in a system or process that a threat could exploit.
33
New cards
Risk
The chance that a threat uses a vulnerability to compromise an asset. Remove any one of the three, and the risk disappears.
34
New cards
Likelihood
The probability that a specific vulnerability will be exploited.
35
New cards
Impact
The severity of damage if a threat successfully exploits a vulnerability.
36
New cards
Risk Matrix
A tool that combines likelihood and impact to categorize and prioritize risks.
37
New cards
Residual Risk
The risk that remains after mitigation measures and controls are applied.
38
New cards
Risk Avoidance
Eliminating the activity that generates the risk.
39
New cards
Risk Transference
Shifting responsibility for a risk to another party, such as through insurance or outsourcing.
40
New cards
Risk Mitigation
Implementing controls to reduce the likelihood or impact of a risk.
41
New cards
Risk Acceptance
Acknowledging and accepting residual risk, often for cost-benefit reasons.
42
New cards
Cost-effectiveness
Judging a security measure so its cost stays justified relative to the expected loss.
43
New cards
Cyber Insurance
A form of risk transference that covers financial losses from cyber incidents.
44
New cards
Impact Categories
Financial cost, operational impact, and reputational impact.
45
New cards
Preventative Controls
Controls designed to stop attacks before they happen.
46
New cards
Detective Controls
Controls designed to spot attacks as they occur.
47
New cards
Corrective Controls
Controls designed to fix problems and restore normal operations after an attack.
48
New cards
Security Control
A tool or mechanism that carries out a risk mitigation strategy to protect systems and data.
49
New cards
CIA Triad
The core principles of cybersecurity: Confidentiality (only authorized access to data), Integrity (data is accurate and unaltered), and Availability (data and systems are reachable when needed).