Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Comments
Understanding IT Risk Management In 4 Steps X 3
Threaded  |  Newest First  |  Oldest First
Marilyn Cohodas
50%
50%
Marilyn Cohodas,
User Rank: Strategist
11/19/2013 | 9:23:13 AM
Theory V. Practice of IT Risk Management
This a very succint definition of risk management for an IT audience along with --what seems to be -- a simple strategy for getting started. But, realistically, can risk management really be that easy to implement? What are the biggest gotchas? What is the low-hanging fruit that put organizations on the path to success? Let's talk about the issues people are facing in the real world. 
J_Brandt
50%
50%
J_Brandt,
User Rank: Apprentice
11/19/2013 | 12:09:29 PM
Re: Theory V. Practice of IT Risk Management
It is never that easy.  If for no other reason, because it involves lawyers.
J_Brandt
50%
50%
J_Brandt,
User Rank: Apprentice
11/19/2013 | 12:07:15 PM
Talk with Management
A good, simple article to use with management to jump start the conversation on risk management.
Marilyn Cohodas
50%
50%
Marilyn Cohodas,
User Rank: Strategist
11/19/2013 | 12:26:01 PM
Re: Talk with Management
J_Brant. I'm very interested in hearing your strategy for talking to management about Risk Management. How would  you jumpstart the conversation (What your elevator pitch?)  and who within our organizatin would you enlist to help make the case? 
J_Brandt
50%
50%
J_Brandt,
User Rank: Apprentice
11/24/2013 | 4:41:14 PM
Re: Talk with Management
It's less an elevator speech, and more a requested meeting.  As head of IT you need to understand where the concerns of risk management are.  Risk Management needs to understand the potential issues that go along with any new tech deployment.  It's a mutual need and education relationship.
Marilyn Cohodas
50%
50%
Marilyn Cohodas,
User Rank: Strategist
11/25/2013 | 10:19:58 AM
Re: Talk with Management
That makes a lot of sense, J_Brandt. And your point about how important it is for IT to set the stage in a face to face meeting with management is well taken. Dave's matrix lays out the foundation for that talk and puts the substance of the discussion in the context of an organization's critical issues and needs. 
Susan Fogarty
50%
50%
Susan Fogarty,
User Rank: Apprentice
11/19/2013 | 2:22:42 PM
Calculating the cost of risk
It's easier to understand risk when you're talking in terms of a bank that has a certain amount of money it needs to insure. Even intellectual property can be quantified in most cases with a monetary value. But how do businesses quantify softer potential losses, like downtime and lost opportunity?
Marilyn Cohodas
100%
0%
Marilyn Cohodas,
User Rank: Strategist
11/20/2013 | 9:11:23 AM
Re: Calculating the cost of risk
Downtime losses , seem to me, would be relatively easy to calculate in dollars and cents by estimating  the revenues that a company would be earned during a similar period of time. Or in an organization like a hospital, the number of patients whose care was disrupted and whatever additional costs were incurred to keep their conditions stable and improving. 

Loss of opportunity is a lot more difficult to put a hard number on. I'm open to suggestions! 
dak3
100%
0%
dak3,
User Rank: Moderator
11/21/2013 | 12:53:16 PM
Re: Calculating the cost of risk
The hardest part to quantify is loss of reputation which leads to loss of both current and future clients and - in extreme cases - to loss of the enterprise (e.g., Diginotar).

 

It's not a simple calculation by any means.
Susan Fogarty
100%
0%
Susan Fogarty,
User Rank: Apprentice
11/21/2013 | 5:14:17 PM
Re: Calculating the cost of risk
dak3, that's an excellent point. any publicized breach in security can cost a company immeasurable loss in terms of customer trust and loyalty.


Edge-DRsplash-10-edge-articles
I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
News
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
Commentary
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
How Enterprises Are Assessing Cybersecurity Risk in Today's Environment
The adoption of cloud services spurred by the COVID-19 pandemic has resulted in pressure on cyber-risk professionals to focus on vulnerabilities and new exposures that stem from pandemic-driven changes. Many cybersecurity pros expect fundamental, long-term changes to their organization's computing and data security due to the shift to more remote work and accelerated cloud adoption. Download this report from Dark Reading to learn more about their challenges and concerns.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2022-21679
PUBLISHED: 2022-01-19
Istio is an open platform to connect, manage, and secure microservices. In Istio 1.12.0 and 1.12.1 The authorization policy with hosts and notHosts might be accidentally bypassed for ALLOW action or rejected unexpectedly for DENY action during the upgrade from 1.11 to 1.12.0/1.12.1. Istio 1.12 suppo...
CVE-2022-21699
PUBLISHED: 2022-01-19
IPython (Interactive Python) is a command shell for interactive computing in multiple programming languages, originally developed for the Python programming language. Affected versions are subject to an arbitrary code execution vulnerability achieved by not properly managing cross user temporary fil...
CVE-2022-21701
PUBLISHED: 2022-01-19
Istio is an open platform to connect, manage, and secure microservices. In versions 1.12.0 and 1.12.1 Istio is vulnerable to a privilege escalation attack. Users who have `CREATE` permission for `gateways.gateway.networking.k8s.io` objects can escalate this privilege to create other resources that t...
CVE-2022-23045
PUBLISHED: 2022-01-19
PhpIPAM v1.4.4 allows an authenticated admin user to inject persistent JavaScript code inside the "Site title" parameter while updating the site settings. The "Site title" setting is injected in several locations which triggers the XSS.
CVE-2022-23046
PUBLISHED: 2022-01-19
PhpIPAM v1.4.4 allows an authenticated admin user to inject SQL sentences in the "subnet" parameter while searching a subnet via app/admin/routing/edit-bgp-mapping-search.php