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MIS 416 – Information Risk Management | Exam 1 Vocabulary Review | Exam preparation material

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This document presents a comprehensive vocabulary list with definitions for Exam 1 in MIS 416, focusing on key concepts in information risk management. Topics include risk assessment, management frameworks, sampling methods, loss calculations (ALE, ARO, SLE), threat modeling, and common terminology like vulnerabilities, countermeasures, and stakeholders. Ideal for students reviewing essential terms and formulas relevant to cybersecurity and risk analysis.

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MIS 416 Exam 1 Vocab
Analysis Ans✓✓✓ Used to understand causes of risk


Annualized Loss Expectancy Ans✓✓✓ ALE = SLE x ARO


Annualized rate of occurrence Ans✓✓✓ ARO = Estimated Frequency
of Threat Occurrence


assessment Ans✓✓✓ identification, analysis, and evaluation of risk


assets Ans✓✓✓ Things that we value


Attitude Ans✓✓✓ Organization's general risk approach


Cluster sampling Ans✓✓✓ Selects clusters of sample units from
population to create representative sample.


Consequences Ans✓✓✓ Outcomes of an event


Context Ans✓✓✓ Internal and external factors that need consideration


control Ans✓✓✓ another word for countermeasure

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