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A Balancing Act Between Risk Appetite and Risk Tolerance

A Balancing Act Between Risk Appetite and Risk Tolerance. Federal Information Systems Security Educators’ Association Conference March 2005 Ezra Cornell Duong-Van Director, Strategic Marketing BindView Corporation. IT Risk Analysis and Management. Impacts. Vulnerability. Threat. Risk

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A Balancing Act Between Risk Appetite and Risk Tolerance

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  1. A Balancing Act Between Risk Appetite and Risk Tolerance Federal Information Systems Security Educators’ Association Conference March 2005 Ezra Cornell Duong-Van Director, Strategic Marketing BindView Corporation

  2. IT Risk Analysis and Management Impacts Vulnerability Threat Risk Analysis Risks Risk Management Countermeasures

  3. Detail of IT risk RISK Compliance: Vulnerability: Am I meeting Regulatory requirements? What is the exposure to my systems? Identity: Configuration: Do my users have appropriate rights? Are my systems configured securely? • Servers • OS • Data • Infrastructure • Users • Groups • Directory • Access Control Security

  4. Return on Security Investment

  5. Optimizing Compliance A Current Experience C Compliance Risk B Optimized Experience Cost Compliance and Cost • Achieve compliance through improved productivity and efficiency – Point B • Replace manual methods with automated processes to reduce Compliance Risk • Organizations with limited resources operate more efficiently • Maintain your compliance level but with greatly reduced cost – Point C • Reduce Compliance spending • Redirect savings to other compliance efforts • The reality is that you will experience a combination of B & C

  6. Ideal Compliance Monitoring

  7. Breadth of Coverage Across IT Stack CIA • Confidentiality • Integrity • Availability Maximize CIA throughout the whole IT Stack Prioritize sections of the stack that pose higher risk Evaluate best of breed vs. integrated solutions

  8. Changing Concerns IT Stack Time Investment

  9. Risk Management process • Scope definition • Determine processes and risks to be evaluated • Process Walkthrough • Step through the processes to validate them against their goals • Risk Assessment • Execute the processes in the context of risks to be evaluated • Control identification and evaluation • Document IT controls and supplemental manual controls • Document risks identified by these controls • Residual risk assessment • Provide a residual risk assessment for each process • Provide recommendations for remediation

  10. Risk Management Deliverables • Process and sub-process maps • Clearly document the business processes within the engagement boundary definition; • Business process automation recommendations • Definition of the process, objectives, threats and controls at a detailed level • Risk and control matrix • For each process a summary of • risk assessments, • control ratings and determination of • residual risk level • Recommendations • Short, medium and long-term remediation plan • Prioritize remediation efforts

  11. Risk reduction solutions

  12. Ezra Cornell Duong-Van Director, Strategic Marketing BindView Corporation Ezra.Duong-van@bindview.com 713-561-4274

  13. Contact BindView General Sales1-800-813-5869sales@bindview.com John Balena, Federal Sales john.balena@bindview.com Phone: 713-561-4109

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