Information Technology And Methods Of Risk Management Essay

IT Risk Management Name: Professor: Course Name: Date: IT Risk Management Abstract This paper explores three published articles that report on the results of researches conducted on risks related to Information Technology and methods that can be used in the management of the same. Some of the articles agree on the definition of risks and its management while others differ. This presents a wide range of results from which a uniform conclusion can be acquired. According to Gibson (2010), a risk is the likelihood that a loss will be experienced, this happens if a certain threat has exposed a vulnerability in the organization’s system. This paper examines Gibson’s (2010) article on risk management in relation to two other articles in order to come up with a control measure for the threat facing The Home Depot. Keywords: Risk, Threat, Vulnerability, Loss. Introduction Ever since IT was introduced into the organizational management systems, numerous studies on the various facets of information technology risk management have been carried out, focusing on t he extent of losses that may be experienced in case a threat exposed vulnerability. Every organization that relies heavily on IT to conduct its daily processes makes it obligatory to identify risks in their data and IT systems, in order to manage or reduce those risks. These organizations also develop response systems that can be turned to immediately an IT crisis occurs. Gibson (2010), states that risk managementShow MoreRelatedReviewing State Of Maryland Information Security Program Documentation917 Words   |  4 Pagespaper is to review State of Maryland information security program documentation and to determine the security standards used to create the program in order to protect confidentiality, integrity and availability of agency operations, organizational assets or individuals which is the main agenda of State of Maryland Department of information technology. We will also discuss about other standards that can be useful for the State of Maryland Information technology and compare and contrast the standardsRead MoreDeveloping Vehicular Data Cloud Services795 Words   |  4 PagesServices in the IoT Environment. IEEE Transactions on Industrial Informatics, 10(2), 1587–1595. http://doi.org/10.1109/TII.2014.2299233 The authors presented a multilayered approach to protect the vehicular data using the cloud platform and IoT technologies. 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