ICS 133 Chapter 4 Flashcards

Questions and Answers

What is the process of identifying and controlling risks facing an organization called?

Risk identification

Risk control

Threat assessment

Risk management (correct)

What does risk identification involve?

Examining an organization's current information technology security situation.

What is the primary purpose of risk control?

Applying controls to reduce risks to an organization's data and information systems.

What is the Security Systems Development Life Cycle (SecSDLC)?

A process framework or methodology used for deploying information security initiatives. Signup and view all the answers

What does it mean to 'know yourself' in the context of risk management?

Identify and understand the information and systems currently in place Signup and view all the answers

What is the responsibility of communities of interest?

Evaluating risk controls Signup and view all the answers

What is the first step in the risk identification process?

Plan and organize the process. Signup and view all the answers

What elements are involved in asset identification?

People, procedures, data, software, hardware, networking. Signup and view all the answers

An iterative process begins with the identification of assets, including all elements of an organization's system (people, procedures, data, software, hardware, networking) called _____ identification.

Asset Signup and view all the answers

Match the following with their correct definitions:

Data Classification = Responsible for classifying information assets Security Clearances = Each data user assigned a single level of authorization Risk Management = Process of controlling risks in an organization Signup and view all the answers

What does the U.S. Military Classification Scheme consist of?

Unclassified, Sensitive But Unclassified, Confidential, Secret, Top Secret. Signup and view all the answers

Study Notes

Risk Management Concepts

Risk Management: Involves identifying and controlling risks that organizations face.
Risk Identification: Examines current information technology security situations to pinpoint risks.
Risk Control: Implements controls designed to reduce risks to data and information systems.

Security Systems Development Life Cycle (SecSDLC)

SecSDLC: A flexible process framework aiding in deploying information security initiatives.

Understanding Risks

Know Yourself: Focuses on identifying and understanding the existing information and systems.
Know the Enemy: Recognizes and analyzes the threats to the organization.

Community Responsibilities

Communities of Interest: Evaluate risk controls, determine cost-effective control options, acquire or install controls, and ensure their ongoing effectiveness.

Process of Risk Identification

Risk Identification Components: Involves people, procedures, data, software, and hardware.
Asset Management: Begins with identifying and classifying organizational assets and prioritizing each asset's risks.

Planning the Process

Organize the Team: First step involves assembling a team representing all affected groups and planning the process through periodic deliverables and management presentations.

Asset Identification

Iterative Process: Identifies assets, classifies them, and ensures comprehensive inventory including people, procedures, data, software, hardware, and networks.
Challenges of Identification: Human resources, documentation, and data information assets are notably more difficult to identify.

Important Asset Attributes

People: Address position name/number/ID, supervisor, security clearance level, and special skills.
Procedures: Include descriptions, purposes, related elements, and storage locations.
Data: Details such as classification, ownership, size, structure, location, and backup procedures are critical.

Hardware, Software, and Network Identification

Needs Assessment: Focused on organizational requirements and risk management preferences.
Asset Attributes: Important attributes include name, IP and MAC addresses, serial number, manufacturer, model, software version, and location.

Data Classification

Classification Schemes: Utilized by corporate and military sectors with reviewed responsibilities by information owners.
U.S. Military Classification Scheme: Features five levels—Unclassified, Sensitive But Unclassified, Confidential, Secret, and Top Secret.

Security Clearance Management

Security Clearances: Defined levels of access are assigned to data users, necessitating need-to-know compliance prior to data access, alongside management protocols for classified data handling.

Description

Test your knowledge on key concepts in risk management from ICS 133 Chapter 4. This quiz covers important terms such as risk identification and risk control, essential for understanding organizational security. Perfect for students looking to enhance their comprehension of IT security processes.