Earlier blogs on Risk Chain and Security tools gave understanding on Risk components and risk treatment (five layers of Security). Even after implementation of Security measures, ‘Risk will exist’. The fact which Security Manager and Management must accept. There are many reasons for existence of Risk even after treatment. 1. 100% risk mitigation is not possible. This is one of the facts Security Manager and especially Management must accept. Known risk but not treated may be due to lower probability or practically not possible to treat due to cost of treatment or risk is low impact-low probable. This is known as ‘Risk Appetite’ of the organization. So, the condition here is, risk still exists but in knowledge. 2. Risk Treatment is not done properly – this is where Security manager or management have not measured the risk properly or not given proper treatment. Risk not estimated or missed in assessment is possible when adequate preparation in Risk assessment is not done – old risk...
The blogs are for Security professionals as guidance on fundamentals and building blocks of Security