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I R MA INFORMATION RISK MANAGEMENT & AUDIT A S P E C I A L I S T G R O U P O F T H E BCS JOURNAL volume 14number 3summer 2004ISSN 17414229Programme for members meetings 2004 2005Tuesday 7 September
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Identify the potential threats to the information such as unauthorized access, data breaches, and malware attacks.
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Assess the likelihood of these threats occurring and the potential impact they could have on the organization.
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Evaluate the current security measures in place to protect against these threats and determine if they are sufficient.
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Develop a risk management strategy to mitigate the identified risks, which may involve implementing additional security controls or protocols.
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Business owners and executives who are responsible for protecting sensitive information and ensuring the security of their organization's data.
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Information risk refers to the potential of a loss or harm resulting from the use of information technology.
All organizations that handle sensitive information are required to assess and manage information risks.
Information risk assessments are typically filled out by designated risk management or security professionals within an organization.
The purpose of information risk assessment is to identify potential risks, evaluate their impact, and develop strategies to mitigate or manage them.
The information that must be reported on an information risk assessment includes details of potential threats, vulnerabilities, impact analysis, and risk mitigation strategies.
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