July 2014
Intermediate to advanced
416 pages
15h 23m
English
Content preview from Cybersecurity for Executives: A Practical Guide
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3.0MANAGING RISK
If it is connected to the Internet, your system is exposed to countless risks. Cybersecurity is primarily about risk management. Minimize your risk through smart practices. Ensure your systems are properly configured, patched, and audited. Ensure your workforce is trained and regularly tested. Make cybersecurity part of your daily business practices.
Brigadier General Gregory TouhillPresentation at Southern Illinois University—Edwardsville, School of EngineeringApril 2013
3.1 WHO OWNS RISK IN YOUR BUSINESS?
Risk is the potential of loss resulting from a given action. It is a function of the interaction of threats, vulnerabilities, and likelihood (or probability) of threats acting against you. While there is no universally-agreed-upon prescriptive formula that defines how to measure risk, it is essential that you have a firm understanding of the risk environment (i.e., “know your enemy”) as well as your vulnerabilities and the likelihood that deleterious events will occur (i.e., “know yourself”).
Life is full of risk. As an executive, one of your primary responsibilities is to manage risk to protect your business and create an environment for it to grow and thrive.
There are many people who will argue that risk can be transferred like a commodity, brokered away through investments in insurance carefully planned using complicated actuarial tables that calculate probabilities and effects. Insurance is an important investment and mitigation instrument to be ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.