Cyber Security Risk IT & Computer Science Essay Paper (Essay Sample)
The PAPER REVOLVED AROUND CYBER SECURITY RISK, IDENTIFYING RISK OWNER OF A SYSTEM RISK AND RECOMMENDATIONS ON THE IMPLEMENTATION OF RISK MULTIPLIERSsource..
The Ultimate Owner of Systems Risk
Systems and underlying data are assets owned by the business. The information technology department comes in to support business in utilizing IT resources. Whenever a risk associated with systems or underlying data materializes, it is the business that suffers losses. The information technology department is usually not affected by such risks (Collier et al., 2008). As such, the business system or process owner ultimately own risks associated with systems. They, however, work hand in handy with the information technology department to design and implement controls that help in mitigating risk associated with systems.
Scorecard System Implementation and Cybersecurity Risk
A scorecard system is a good tool for uniform risk rating. Accurate and uniform risk ratings go a long way in ensuring proper allocation resources for purposes of risk mitigation (Donaldson et al., 2015). Implementing the scorecard system does not however absolve or eliminate cybersecurity risk. The method can, however, be incorporated into the cybersecurity risk management framework of an organization to ensure proper allocation of resources for mitigation purposes.
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