Posted: August 10th, 2022

Documenting Risk Assessment

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Risk assessments are used to determine any change in requirements, technologies, or threats since the last risk assessment was performed. The stages of performing a risk assessment are:

Planning
Information gathering
Risk analysis
Identifying and implementing controls
Monitoring

For this assignment:

Explain the importance of documentation in a risk assessment.
Ace my homework – Write a Risk Assessment report that describes what type of information should be documented as applied to WLANs and Internet Protocol (IP) mobility
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Documenting Risk Assessment
Risk assessment allows for an organization to calculate its acceptable risks levels in order to institute control measures. Risk assessment is an important part of the provision of security for an organization’s IT assets and it works to provide adequate parameters and minimum security requirements needed to perform a risk assessment (Metivier, 2017). Results of risk assessment are regularly reviewed to create confirmation that all assessments results remain applicable for risk control measures. As such researchers reveal that the processes involved should be reliable and applicable throughout the organizational functions. In most cases, documentation allows for the organization to formulate a standardized approach to reviewing and applying current and future risk assessments perpetually creating reliable security audits for any organization. In writing a risk assessment report that describes the type of information to be documented as applied to WLAN and Internet Protocol (IP) mobility, the risk categories that organizations should consider and include in their risk assessment plan will feature strategic, reputational, operational, transactional and compliance performance and goals of the system (Metivier, 2017). This is because, within any organization’s WLAN and IP mobility the major underlined risks include probability for disclosure, modification, destruction, and denial of service to automated information resources remain to be looming. Giandomenico and Groot (2020) outline that important information to be documented as such include identified system vulnerabilities, audit comments, previous risk assessments compared to current, mission criticality, information sensitivity levels, audit advisories, inherent risks, personnel with access or authorized entries to system. This might be caused by human threats and failures or environmental threats. Environmentally, natural disasters such as extreme weather events and earthquakes or tsunamis risk damages (Metivier, 2017). Categorically, human threats are agent threats, for example, third-party contractors, former disgruntled employees, unauthorized users accessing the database, or lack of training for an approved user who has authority (Giandomenico and Groot, 2020). They provide a holistic understanding of threats and allow a better policy formulation that is based on the risk assessment performed.

References
Giandomenico, N & Groot (2020). Insider vs. Outsider Data Security Threats: What’s the Greater
Risk? from https://digitalguardian.com/blog/insider-outsider-data-security-threats
Metivier, B. (2017a, May 04). How to Define Cybersecurity Risk [Blog]. Retrieved from Tyler
Cybersecurity / Sage Advice – Cybersecurity Blog: https://www.tylercybersecurity.com/blog/how-to-define-cybersecurity-risk

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