Class notes Collaborative Environment Process (INFO8930)

Risk-Threat Assessment 1




Table of Contents
DOCUMENT PURPOSE AND MISSION.................................................................................................2



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,Risk-Threat Assessment 2



ROLES AND RESPONSIBILITIES......................................................................................................... 3
PROGRAM SCOPE AND BOUNDARIES...............................................................................................4
CRITERIA............................................................................................................................................... 5
STEPS.................................................................................................................................................... 5
1. SETUP.................................................................................................................................................6
2. DATA ELEMENT INVENTORY..................................................................................................................7
3. THREAT SEVERITY................................................................................................................................8
Frequency & Impact Definitions......................................................................................................................... 8

Frequency & Impact Weightings...................................................................................................................... 11

Risk Tolerance Level....................................................................................................................................... 12

Threat Severity Analysis.................................................................................................................................. 12

4. RISK RESPONSE.................................................................................................................................13
5. MITIGATED CONTROL MATURITY.........................................................................................................14
6. RESULTS............................................................................................................................................14
REVISION HISTORY............................................................................................................................ 16
REFERENCES...................................................................................................................................... 16




Document Purpose and Mission

This document’s purpose is to describe the procedure in which threat and risk assessments

(TRAs) could be implemented for Choco Cake. This document is used to analyze a system to

check the flaws in the system and suggests some ways to tackle those before it occurs. A

vulnerability in the system can result in a security breach and it could be accidentally triggered

by the intervention of humans.




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This is meant to be part of the larger risk management program for Coco Cake and will align

with the objectives and goals set out in the program.

This document will not provide good results when used individually so it is better to use with

the Threat and Risk Assessment Tool to provide repeatable results.


Roles and Responsibilities

The following individuals are responsible for carrying out threat and risk assessments. As

some individuals are always included in these kinds of assessments. This may be a Risk

Manager or Chief Information Officer. It is not necessary to have the same individuals in every

project, as it depends on the projects.

Chief Information Officer (CIO)- CIO is responsible for handling overall risk-threat

assessment and saves the organization from unacceptable cost and manages the processes

such as planning and budgeting.

Risk Manager – Risk manager job is to develop and implement such systems that help the

company to manage the risks effectively, and will improve strategy, risk management policy as

well as the framework.

Senior Management- Senior management tracks staff to ensure that functional and business

elements working are associated with risk management policy. He will also check out the

areas so that risks can be identified in the system.

Provider – Provider is responsible for carrying out IT services such as security and manages

incidents and threats in the organization. Provider also design, integrate and operate controls

in the business, and report on status regarding controls, threat and compliance.




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