Risk Management Process Activities Research Assignment (Essay Sample)

Risk management process activities
The risk management process activities that could be deployed for the company which has been departed with leadership starts with creating a security policy that is efficient enough to deploy all security measures or back up policy to safeguard the company from various intentional and unintentional threats. In addition the purchase of insurance is made to cover the risk for the company. Further the access controls will be applied so that only the authorized personnel are allowed to use the business process. Finally efforts will be made to protect boundary so that all physical resources could be saved from any kind of external intrusion. This will help in achieving input validation process in using resources. Also the human resources in the organization will be given training so that they could learn the most desired method to mitigate risk. The deployment of antivirus software is also important to safeguard the database from any kind of virus attacks. These way efforts will be made to reduce vulnerabilities on one hand and reduce impact of loss on the other hand.
In case of Equifax Company it was found that the information of 143 million people has been exposed to external threats. It was found that only July 29th, 2017, the data was hacked due to intentional threats. Therefore efforts were required to be made to deal with these external threats. This would have included applying security measures to reduce vulnerability and extent of loss. However at this point of when the hacking has already taken place, the company should apply ...